Question 1

Is Parklands a nice place to live?

Accepted Answer

Parklands is a coastal suburb of Burnie along a stretch of Bass Strait foreshore, with easy access to beachside walks and coastal outlooks. The area is mainly residential, made up of modest single-storey weatherboard and brick homes on largely flat streets. It is a community of 865 people with a median age of 41, and families are dominated by couples. Homes are mostly owner-occupied (about seven in ten) while 29.4% are rented. The quieter seaside character, sea breezes and shoreline walking appeal to families and retirees who prefer a more relaxed day-to-day.

Everyday shopping and Burnie’s cultural and port facilities are nearby, and local roads link the suburb to the Bass Highway. Council has adopted the West Park Precinct Masterplan and the budget includes funding to begin its implementation, with upgrades to sports facilities and improvements at the Penguin Observation Centre; the West Park oval cycling track has also been resurfaced. A Makers Technology and Innovation Hub now operates in Parklands as a University of Tasmania facility, and TasWater has carried out geotechnical work for a proposed Seaview Avenue water main renewal. Whether Parklands suits you comes down to what you want from a seaside suburb.

Question 2

Is it expensive to live in Parklands?

Accepted Answer

House rents in Parklands are about $460 a week. Against the typical local household income at the last Census of $1,433 a week, that rent would take roughly 32.1% of a household's weekly income — about a third, which is a sizeable share. For people renting, that rent share is the most relevant measure; whether it feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Parklands a good place to invest?

Accepted Answer

The clearest movement in Parklands over the past 12 months is on the house side. House values climbed 19.5%, a strong rise, while house rents rose 2.2%, a modest increase. Over the year capital growth for houses outpaced growth in rental income.

If rental income is your main priority, the modest rent rise is the figure that matters; if capital gains are more important, the strong value gain is the key number. Whether that balance makes Parklands a suitable investment depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	19.5%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$460	N/A
Change in rent Past 12 months	2.2%	N/A

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