Home / Why Tasmania / Shorewell Park
North West Regional Hospital, Burnie
Shorewell Park · Burnie, Cradle Coast
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North West Regional Hospital, or a Shorewell Park street of homes

Home to North-West Tasmania's
largest hospital precinct.
Priced nothing like it.

Shorewell Park sits four kilometres from Burnie's CBD, immediately adjacent to the North West Regional Hospital, and in the same postcode as Health Care and Social Assistance, Burnie City's largest employment sector by a wide margin. It's not a heritage pitch. It's a proximity-and-price one: real regional employment on the doorstep, at a median well under the Tasmanian state average.

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3,237
Health Care Jobs, Burnie City, 2024/25
23.7%
Share of Local Workforce in Health Care
$440k
Median House Price
4.97%
Gross Rental Yield
Why Shorewell Park

The region's biggest employer is next door. The price still isn't.

Shorewell Park sits 4km south-west of Burnie's CBD, in North-West Tasmania's Cradle Coast region, immediately adjacent to the North West Regional Hospital, a 160-bed facility in the same 7320 postcode. Health Care and Social Assistance is Burnie City's largest employment sector by a wide margin: 3,237 local jobs in 2024/25, 23.7% of the local workforce, well above the 17.4% state average.

This isn't a heritage pitch. Shorewell Park was established in the 1970s as a housing estate and gazetted as a locality in 1976. What it offers instead is proximity to real, resilient employment: alongside the hospital precinct, Elphinstone Group (mining equipment and defence vehicle manufacturing, around 2,500 employees) and the Port of Burnie, Tasmania's largest cargo port, both anchor the local economy.

It's also affordable. Median house prices sit around $440,000, based on the most recent 27 sales, well under the Tasmanian state median of $620,000, with gross yields running up to 4.97%.

A package ready to present in Shorewell Park
3,237
Health care jobs, Burnie City, 2024/25, 23.7% of the workforce
160-bed
North West Regional Hospital, same postcode
$440k vs $620k
Median house here vs Tasmania state median
2,150
Suburb population, 2021 Census, up from 2,008 in 2016

Major Employment Precinct

North West Regional Hospital, a 160-bed facility, sits in the same postcode. Health care is Burnie City's largest employment sector at 23.7% of the local workforce.

Elphinstone Group

Headquartered in Burnie, manufacturing underground mining equipment and defence vehicle components, around 2,500 employees, one of the state's largest private employers.

Port of Burnie

Tasmania's largest cargo port, handling over 5 million tonnes of freight a year and close to half the state's containerised freight.

Strategic Location

4km south-west of Burnie CBD, around 46 to 50km (35 to 40 minutes) from Devonport, on the Bass Highway corridor.

A Genuine Growth Corridor

Marinus Link Stage 1's cable lands at nearby Heybridge, essentially on Burnie's doorstep, with up to 3,300 direct and indirect jobs across Tasmania and Victoria.

Affordable Entry

Median house price around $440,000, well under the Tasmanian state median of $620,000, based on the most recent 27 sales.

Burnie CBD and Port of Burnie
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Burnie CBD or the Port of Burnie
4 km
South-west of Burnie CBD
46–50 km / ~35–40 min
Devonport, via the Bass Highway
~148–150 km / ~1h45–2h
Launceston
~325 km / ~4 hr
Hobart
The Pipeline

What's actually funded or already delivered, in Shorewell Park and the wider Burnie / Cradle Coast region.

Energy & Industry

Marinus Link Stage 1. $3.0 to $3.9 billion, Final Investment Decision confirmed 1 August 2025 by the Tasmanian, Victorian and Australian governments. Construction begins 2026, commercial operation from 2030. The cable lands at Heybridge, essentially on Burnie's doorstep, with up to 3,300 direct and indirect jobs across Tasmania and Victoria.

North West Transmission Developments. Palmerston to Burnie, part of the same Marinus program. FID confirmed alongside Marinus, financial close targeted early 2026.

$82 million Port of Burnie Shiploader, fully funded by the Australian Government and now complete. Doubled the port's loading capacity and supports around 500 jobs.

Transport & Connectivity

$150 million Bass Highway package. Wynyard to Marrawah ($100m) and Cooee to Wynyard ($50m), jointly funded by the Australian and Tasmanian Governments. Covers the corridor Shorewell Park and Burnie residents use daily; 11 projects delivered, three more starting construction in 2026.

North West Coastal Pathway. A 13km coastal shared path between Burnie and Wynyard, opened October 2024.

Port of Burnie Berth 4 remediation. Works commenced April 2026, part of a 16-month infrastructure program.

Community

North West Hospitals Masterplan. $1.4 billion estimated over 20 years. Funded elements now moving: a $14.5 million ED and ambulance upgrade and a $40 million Mental Health Precinct, construction expected late 2026 to 2028.

$20.5 million Burnie Cultural Precinct. Completed and opened 10 November 2025, expected to draw 100,000 visitors a year.

$86.5 million Burnie Courts Complex. Construction commenced June 2026, expected completion 2027 to 2028.

Key Metrics

A thin market, 27 house sales in the past year, so figures swing hard between providers. We favour sales-transaction data and say so.

$440,000
Median house price. CoreLogic, 27 sales; other providers range $369,779 to $527,440.
+14.51%
12-month growth. HtAG Analytics; CoreLogic's sales-based figure runs higher at +22.2% on a thin sample, see the full history below.
$420 / wk
Median weekly rent. CoreLogic; range across sources $318 to $420.
4.97%
Gross rental yield. CoreLogic; range across sources 3.97% to 4.97%.
0.75%*
Vacancy rate. *Burnie City LGA-wide proxy, not suburb-specific; national rate ran 1.0% to 1.3% over the same period.
Sources: HtAG Analytics (growth history) · Cotality/CoreLogic via Your Investment Property Magazine (27 house sales, most recent 12 months); PropertyScoutAU; realestateinvestar.com.au (listing-based). Where sources disagree we favour the longer, more consistent data series and say so. Data changes, verify before relying on it.
Growth Over Time

HtAG Analytics, house price growth to Jun 2026.

14.51%
1 Year
26.86%
3 Years
72.99%
5 Years
206.07%
10 Years
Comparable Rentals

No Shorewell Park-specific vacancy figure is published. The best available proxy is the Burnie City LGA-wide rate of 0.75% (HtAG), tighter than the national rate of around 1.0% to 1.3% over the same period.

We favour the number we can defend. Of the four sources quoting Shorewell Park's rent and yield, we lean on CoreLogic's sales-transaction-based figures over modelled or listing-based estimates, and we still get a written local appraisal before any number reaches a client.

What's solid: this suburb sits inside the same postcode as a 160-bed regional hospital and Burnie City's largest employment sector, at a median price around $440,000, well under the Tasmanian state median of $620,000.

4.97%
Gross rental yield, top of the reported range
National average sits around 4.2%
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Don't take our word for the rent. Four different sources quote four different numbers for Shorewell Park. We favour the sales-transaction-based figures over modelled estimates, and we still get a written rental appraisal from an independent local property manager for the actual home design and estate presented before any client commits.

Want the numbers for Shorewell Park?

Book a free 15-minute intro call. We'll walk you through the package, a local rent appraisal and build timeline for Shorewell Park specifically.

Book My Free 15-Minute Call

Or call 1300 747 867

Straight answers, no fine print

Shorewell Park, explained plainly.

Why Shorewell Park specifically?
It sits in the same postcode as the North West Regional Hospital and Burnie City's largest employment sector, Health Care and Social Assistance, which alone accounts for 23.7% of the local workforce. That's a large, resilient employer on the doorstep, at a median house price around $440,000, well under the Tasmanian state median of $620,000. It's not a heritage pitch, it's a proximity-and-price one.
Why do the price and growth figures vary so much between sources?
Shorewell Park is a thin market, only 27 house sales in the past 12 months, so figures swing hard depending on methodology. We lead with HtAG Analytics (+14.51% growth), a more consistent long-run series; CoreLogic's sales-transaction-based figure runs higher at +22.2%, and a listings-based source shows +1.14%. We show the range rather than picking whichever number looks best.
Why don't you show a Shorewell Park-specific vacancy rate?
Because none is published at suburb level. We use the Burnie City LGA-wide rate of 0.75% as the best available proxy, tighter than the national rate, but we say plainly that it's a proxy, not a Shorewell Park number.
Is the first call genuinely free and no-obligation?
Yes. It's 15 minutes, it's free, and there's no obligation. We'll look at your numbers and tell you honestly whether Shorewell Park is the right fit.
Take the first step

The region's biggest employer,
on the doorstep. A price
Hobart left behind years ago.

Book a free 15-minute intro call with a Property Investment Strategist. We'll walk you through Shorewell Park and tell you honestly whether it fits your numbers.

Book My Free 15-Minute Call

Or call us on 1300 747 867  ·  admin@pistore.com.au