Shorewell Park is a developing suburb with a strong sense of community and a focus on family-friendly living. It offers affordable housing options and is becoming increasingly popular among first-time homebuyers and young families. The suburb boasts ample green spaces and is close to schools and shopping centres, making it a practical choice for convenient suburban living. Explore your opportunities in Shorewell Park with Nest Property.
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Shorewell Park property market
Shorewell Park, a residential suburb located just minutes from the Burnie city centre on Tasmania’s northwest coast, offers an affordable entry point into the property market with strong rental appeal. Known for its accessibility, essential amenities, and proximity to schools, shops, and public transport, Shorewell Park is a practical choice for families, first-home buyers, and investors. Last month, the market recorded 4 properties available for rent and 7 properties listed for sale, reflecting a modest but steady level of activity in this compact, community-focused suburb.
Over the past year, houses in Shorewell Park have sold at a median price of around $375,000, making it one of the more affordable suburbs in the region. This lower price point, combined with strong rental demand, presents a valuable opportunity for investors and budget-conscious buyers looking to secure property in a growing coastal area.
For investors, Shorewell Park offers solid rental returns. Houses typically rent for approximately $392 per week, generating a gross rental yield of 5.4% per annum, while units rent for around $367 per week, providing a gross yield of 4.7%. These figures indicate healthy ongoing rental demand, particularly for affordable housing options near Burnie’s employment and education centres.
In terms of capital growth, Shorewell Park has remained stable over the past year, recording a compound annual growth rate (CAGR) of 0.0% for houses. While growth has been flat, the suburb’s affordability and rental performance may appeal to investors seeking consistent cash flow rather than rapid capital gains.
Overall, Shorewell Park represents an affordable, income-focused opportunity in Tasmania’s northwest, particularly for investors or first-time buyers looking to enter the market with manageable upfront costs. With its close proximity to Burnie and a strong rental return profile, it offers value and potential in an increasingly competitive regional landscape.
Market trends
View median property prices* in Shorewell Park to get a better understanding of local market trends.
*Data based on sales within the 12 months to July 2025.