Regional Tasmania · Burnie
Burnie is a port city on Tasmania's north-west coast, transitioning from its industrial past to a more diversified economy. It offers a relaxed coastal lifestyle with affordable housing, attracting a mix of families, retirees, and first-home buyers. The city is characterised by its waterfront setting, a growing arts scene, and access to the region's natural attractions.
Market snapshot
Price register · April 2026
Median house
$450,000 - $625,000
Mid-band $538Kspread 33%
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Create Your Free ProfileLast reviewed 14 May 2026
Median unit
$275,000 - $375,000
Mid-band $325Kspread 31%
Days on market
~48-112 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
4.0% to 5.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+36% to +56%
cumulative since 2021Who buys here
First-home buyers · Families · Retirees
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
Burnie's property market presents a picture of adjustment and opportunity. After a period of significant growth, the median house price has settled at $540,000, reflecting a minor annual decrease of 1.8%. This cooling follows a substantial five-year growth trajectory, indicating a market that is now stabilising. The unit market has experienced a more pronounced correction, with the median price dropping 13.3% to $327,500. Despite the recent price adjustments, the market fundamentals remain attractive for certain buyer segments. The rental market is tight, with a strong rental yield of 4.5% for houses and an even more impressive 4.8% for units, making it an appealing proposition for investors. This is supported by low vacancy rates in the broader Burnie region. Demand is driven by a combination of factors, including affordability compared to other Tasmanian and mainland markets, and a steady influx of lifestyle-oriented buyers such as retirees and families. First-home buyers are also active, drawn by the accessible entry point into the property market. Supply constraints, with limited new building approvals, suggest that existing property values are likely to be well-supported in the medium to long term. While the days on market have extended to 80, indicating a less frenetic pace than in previous years, properties are still transacting regularly. The local economy is diversifying from its industrial roots, with growth in professional occupations. This economic evolution, coupled with ongoing investment in local infrastructure and amenities, is expected to underpin the long-term health of the Burnie property market. For buyers, the current climate offers more negotiation power and less competition than in the recent past, creating a favourable window for considered purchasing decisions.
Why a buyers agent
Navigating the Burnie property market requires a nuanced understanding that goes beyond online listings. An experienced buyer's agent brings invaluable local knowledge, from the subtle differences in character between Parklands and South Burnie to the long-term implications of new infrastructure projects. They can identify properties with the best potential for capital growth, whether it's a family home with renovation potential or a low-maintenance unit in a high-demand rental area. In a market where properties can move quickly despite longer average days on market, a local agent provides the competitive edge needed to secure the right property at the right price. They have established relationships with local real estate agents, providing access to off-market opportunities and insights into vendor expectations. For interstate buyers, a buyer's agent is an essential on-the-ground resource, managing everything from property inspections to negotiations, ensuring a smooth and successful purchase process in this unique coastal city.
With a median house price significantly lower than mainland capitals, Burnie offers an accessible entry point for first-home buyers and investors. The strong rental yields, currently around 4.5% for houses, provide a solid return for investors in a tight rental market.
Situated on the picturesque north-west coast, Burnie provides a sought-after coastal lifestyle. Residents enjoy beautiful beaches, scenic coastal walks, and easy access to the stunning landscapes of regional Tasmania, including nearby reserves and waterfalls.
Burnie is a key service centre for the region, with ongoing investment in infrastructure and community facilities. The city boasts good schools, a university campus, comprehensive shopping, and reliable public transport, making it a convenient and comfortable place to live.
While retaining its important port function, Burnie's economy is evolving. Growth in sectors like advanced manufacturing, education, and professional services is creating new employment opportunities and contributing to the city's long-term stability and appeal.
The place
Burnie is a vibrant city on the north-west coast of Tasmania, known for its industrial heritage, scenic coastline, and growing community focus. The city centre offers a range of shops and services, including the Burnie Plaza, while the Burnie City Market, held on the first and third Saturday of each month, is a popular spot for fresh local produce and handmade goods.
Education is well-catered for with a number of primary and secondary schools, including Burnie Primary School, Montello Primary School, Marist Regional College, and Hellyer College. The University of Tasmania also has a significant presence with its Cradle Coast Campus located in the city.
Public transport is provided by Metro Tasmania, with regular bus services connecting the CBD with surrounding suburbs like Shorewell Park, Park Grove, and Upper Burnie. For those travelling further afield, Kinetic (formerly Redline) offers intercity connections to Devonport, Launceston, and Hobart.
Residents have access to a variety of parks and recreational facilities. Burnie Park, with its rolling lawns, playground, and picturesque Oldaker Falls, is a popular spot for families. The waterfront is a major drawcard, with West Beach and the South Burnie Foreshore Esplanade providing opportunities for walking, swimming, and boating. The city is also investing in active transport, with new and improved walking and cycling paths.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 14 May 2026. Updated quarterly.
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