5.6% yield at $445k is cashflow positive. Burnie is a port city with difficult topography limiting new housing supply, and SQM vacancy at 1.3% is declining. Renewable energy projects coming online 2025–2026 will require worker accommodation. Price growth subdued (+4%) makes entry relatively low risk.
5.6% yield at $445k is cashflow positive. Burnie is a port city with difficult topography limiting new housing supply, and SQM vacancy at 1.3% is declining. Renewable energy projects coming online 2025–2026 will require worker accommodation. Price growth subdued (+4%) makes entry relatively low risk.
Lower economic diversity than Launceston; some population decline in peri-urban areas; longer DOM; Tasmanian economy more exposed to tourism cyclicality.
5.6% yield at $445k = $24,960 rent vs $23,140 interest = $1,820 positive pre-cost. Marginal but improving. New builds eligible for unlimited NG. Construction market tight so new builds command premium rents.
CoreLogic TAS Q1 2025 · REIT Burnie median Q4 2024 · SQM Research postcode 7320 · Port of Burnie throughput report 2024 · Tasmania Renewable Energy Plan 2024
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