Suburb Profile Report for Bicheno TAS (7215)

Bicheno House: Median price $317,500, Annual capital growth 3.40%, Number of sales 42, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Bicheno has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 15.98% to date .

The five-year average increase in median property values for Bicheno,7215 has given property investors a potential capital gain of 13.80% across each of those five years.

The most recent median price for Bicheno is $317500, with sellers offering an average of -6.52% off the asking price.

At number 2954 in a list of fastest selling suburbs, Bicheno is in the bottom 30% of suburbs in Australia with an average of days on market 108.31 for properties listed there.

With the median price for a house in Bicheno being $317500 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 4.50%

Information supplied by:


May 2017

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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

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.

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Metrics i HOUSE UNIT
$317,500 N/A
-0.31% N/A
15.98% N/A
3.40% N/A
$275 N/A
42 N/A
4.50% N/A
108.31 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 852
Median household income ($/weekly) 812
Median age of persons 52
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 83 9.7
    35-44 years 93 10.9
    45-54 years 137 16.1
    55-64 years 187 21.9
    65-74 years 130 15.2
    Others 223 26.1
    Age Group
    Census Count Percent(%)
    Registered Married 304 48.5
    Not Married 212 33.8
    Defacto Relationship 111 17.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 705 85.0
    New Zealand 8 1.0
    Papua New Guinea 16 1.9
    United Kingdom 60 7.2
    Other 14 1.7
    Others 26 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 470 59.9
    No Religion 305 38.9
    Buddhism 6 0.8
    Islam 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 40 12.3
    $400-$599 52 16.0
    $600-$799 46 14.2
    $800-$999 40 12.3
    $1,500-$1,999 40 12.3
    Others 106 32.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 305 43.3
    Employed, worked full-time 182 25.8
    Employed, worked part-time 161 22.8
    Employed, away from work 35 5.0
    Unemployed, looking for work 22 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 64 16.8
    Professionals 47 12.4
    Technicians & trades workers 54 14.2
    Clerical & administrative workers 34 8.9
    Labourers 90 23.7
    Others 91 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 9 7.0
    Infants/Primary 62 48.4
    Secondary 28 21.9
    Technical or Further Educational Institution 14 10.9
    University or other Tertiary Institutions 9 7.0
    Others 6 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 729 96.0
    Semi-detached, row or terrace house, townhouse 11 1.4
    House or flat attached to a shop, office 9 1.2
    Caravan, cabin, houseboat 7 0.9
    Flat, unit or apartment 3 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 184 51.4
    Rented 93 26.0
    Being purchased 78 21.8
    Other tenure type 3 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals