Property investors who have had real estate in Cygnet, 7112 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.67%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cygnet has increased when compared to the 5 year average annual rate.
At number 175th of TAS’s most discounted properties, Cygnet is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Cygnet have been waiting around 67.42 days to sell a property.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 3.17%.
About 45 minutes southwest of Hobart, the suburb of Cygnet is a hidden gem in Tasmania’s Huon ValleyFull summary
Information supplied by:
Outer suburb keeps it tight
Median house price: $365,000
Vacancy rate: 0.4%
Three-year growth: 23.7%
About 45 minutes southwest of Hobart, the suburb of Cygnet is a hidden gem in Tasmania’s Huon Valley.
Vacancies are extremely limited in this area, although the average rate did loosen slightly from 0.3% to 0.4% in the 12 months to September 2018. The demand among buyers continues to be remarkable – house values jumped by 13.7% in the same period. This is likely due to the suburb’s price tags, still quite low despite the boost.
Residents appreciate Cygnet for its countryside feel, with beaches well within reach just around 15 minutes from the suburb. It sits comfortably between the D'Entrecasteaux Channel and the Huon River, and is close to many of the apple, cherry and berry orchards that the valley is known for. The acclaimed Hartzview Vineyard makes it home here, and the old bank building produces excellent hand-crafted chocolates.Close