At number 92th in the list of Australian suburbs ordered by increase in median house value over the last year, Snug, 7054 is in the top 10% with a property value increase of 31.58% recorded in median house prices.
Across a shorter period, Snug, 7054 has seen a median price increase of -1.69% over the last quarter.
Snug7054 is located in TAS which offers an average discount of -5.82% to property investors. Snug itself is showing figures that indicate -2.45% is the average achievable by property buyers investing in the suburb.
At number 940 in a list of fastest selling suburbs, Snug is in the TOP 30% of suburbs in Australia with an average of days on market 52.18 for properties listed there.
Snug by name, snug by nature, this suburb is for those who want to live a quieter life. A grand total of around 900 people live in this petite suburb, which has a small yet bustling tourism industry and sits around 35 minutes south of HobartFull summary
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Vacancies are consumed
Median house price: $430,000
Vacancy rate: 0.0%
Three-year growth: 34.4%
Snug by name, snug by nature, this suburb is for those who want to live a quieter life. A grand total of around 900 people live in this petite suburb, which has a small yet bustling tourism industry and sits around 35 minutes south of Hobart.
The suburb sits close to Woodbridge Hill Conservation Area and Coningham Nature Recreation Area and is a short drive from beautiful North West Bay. With churches, a primary school, a general store, a pub, soccer clubs, a retirement home and a community hall, Snug offers plenty of amenities and caters to people of all stages in life.
Snug’s quaint reputation, combined with a reasonable median house price of $430,000, may be the reason it’s rising in popularity, with a three-year growth rate of 34.4%.