Over the last year, property investments in Bicheno, 7215 have given investors a capital gain of 15.82%. This compares very favourably with the 6.13% for TAS as a whole.
If we look at median property appreciation over just the last three months, Bicheno has given property investors a paper return of -9.00%. This puts Suburb as 175 on a list of fastest fasting appreciating suburbs in TAS
Vendor discounting in Bicheno is giving property investors an average Vendor Discount of around -5.32%. This puts suburb at number 109th in TAS when ranking the most discounted suburbs.
Situated 137.25km from the CBD, Bicheno is one of Glamorgan/Spring Bay localities in the postcode 7215.
About half an hour north of Coles Bay, the suburb of Bicheno is a popular holiday town by the water. With the upswing in the Tasmanian property market, Bicheno’s house market has followed suit, recording almost 18% growth in the February 2017 quarter.Full summary
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Seafood town hooks buyers
Median house price: $341,000
Three-year growth: 45.11%
Rental yield: 4.27%
About half an hour north of Coles Bay, the suburb of Bicheno is a popular holiday town by the water. With the upswing in the Tasmanian property market, Bicheno’s house market has followed suit, recording almost 18% growth in the February 2017 quarter.
Having sustained growth over the past five years, Bicheno certainly looks to have long-term potential especially given the rosy outlook for the state. Hence, buyers will want to consider this suburb while prices and the average rental yield remain reasonable. Sellers have a good chance of profiting on the other end of the market, with houses selling at an average discount rate of just 5.36%.
The tourism boom has resulted in the establishment of shops and restaurants, as Bicheno is known for its seafood. There are also parks and reserves, including the Diamond Island Nature Reserve that gets up close and personal with the local penguins.Close