OA Logo Green
search icon

Get a property report and suburb profile for any property in Shorewell Park

Join the 2 million Australians* who use our services every year.

Geo Page

Shorewell Park suburb profile

Shorewell Park is a residential suburb located in the north-western region of Tasmania, within the city of Burnie. Known for its community-focused atmosphere, the suburb offers a range of amenities including schools, parks, and local shops, catering to the needs of families and residents. The area is characterized by its suburban layout, providing a peaceful environment with easy access to the natural beauty of Tasmania's coastline and hinterland. Shorewell Park's proximity to Burnie's central business district ensures convenient access to broader services and employment opportunities, making it a practical choice for those seeking a balanced lifestyle.

Shorewell Park property market performance

Shorewell Park's property market has experienced significant growth over the past 12 months, with house values increasing by an impressive 31.2%. The current median house price stands at $491,000, reflecting strong demand in the area. However, the unit market remains inactive, with no sales or price changes recorded.

In terms of sales activity, 11 houses have been sold in the past 12 months, with properties spending a median of 37 days on the market, indicating a relatively brisk pace for house sales. The unit market, on the other hand, has seen no activity, suggesting a lack of supply or demand for units in the suburb.

The rental market for houses in Shorewell Park has also seen growth, with average rents increasing by 6.4% over the last 12 months to $415. The unit rental market remains inactive, with no changes in rent prices.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
40.0%N/A
Sold
Past 3 months
9N/A
Median days on market
Past 12 months
34N/A
Average rent
Past 12 months
$425N/A
Change in rent
Past 12 months
9.5%N/A

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Shorewell Park demographics

Shorewell Park, located in Tasmania's northwest, is a suburb that offers a quiet and community-focused lifestyle. With a population of 2,150, it is a small but close-knit community where residents enjoy a slower pace of life. The median age of 40 suggests a mature population, with a mix of families and older residents who appreciate the suburb's peaceful environment and natural surroundings.

The suburb's housing landscape is predominantly rental-based, with 59.3% of properties being rented. This high rental rate indicates a transient population, possibly due to the suburb's appeal to those seeking affordable living options. The median total household income of $856 per week reflects the economic challenges faced by some residents, but also highlights the affordability of the area compared to larger urban centers.

Family structures in Shorewell Park are diverse, with one-parent families making up 35.2% of the community, slightly higher than the national average. Couple families with and without children are also well-represented, accounting for 30.5% and 33.4% respectively. This variety in family types contributes to the suburb's inclusive and supportive atmosphere. Shorewell Park's residents enjoy the benefits of a tight-knit community, where local events and gatherings foster a sense of belonging and camaraderie.

Suburbs near Shorewell Park

Some popular suburbs near Shorewell Park include:

  • Acton: Known for its peaceful residential atmosphere, Acton is located directly east of Shorewell Park.
  • Hillcrest: Featuring a mix of residential and recreational spaces, Hillcrest is situated to the northeast of Shorewell Park.
  • Park Grove: Renowned for its educational institutions and green spaces, Park Grove lies to the southeast of Shorewell Park.
  • Upper Burnie: Offering a blend of commercial and residential areas, Upper Burnie is located to the east of Shorewell Park.
  • Montello: Known for its community-oriented environment and proximity to amenities, Montello is situated to the south of Shorewell Park.

How does Shorewell Park compare to nearby suburbs?

  • Median house prices: Shorewell Park’s median house price is 3.7% lower than Acton’s.
  • House price growth: Over the past 12 months, house prices in Shorewell Park have grown 9.3% higher than in Acton.
  • Selling speed for houses: Properties in Shorewell Park are selling 8.1% faster than in Hillcrest.

Choose the right real estate agents in Shorewell Park

Choosing the right real estate agent in Shorewell Park can have a big impact on your sale. While there are 19 real estate agents working in the suburb, but just 5 of them were responsible for 52.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Geo Page

Get a head start and compare top local agents in Shorewell Park

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron