Suburb Profile Report for Cygnet TAS (7112)

Cygnet House: Median price $347,300, Annual capital growth 3.17%, Number of sales 38, Weekly median advertised rent $330

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

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%.

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December 2018

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About 45 minutes southwest of Hobart, the suburb of Cygnet is a hidden gem in Tasmania’s Huon ValleyFull summary

Outer suburb keeps it tight

Postcode: 7112

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.

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Metrics i HOUSE UNIT
$347,300 N/A
2.75% N/A
0.67% N/A
3.17% N/A
$330 N/A
38 N/A
4.94% N/A
67.42 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 1453
Median household income ($/weekly) 764
Median age of persons 41
Median housing loan repayment ($/monthly) 867
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 227 15.6
    35-44 years 207 14.2
    45-54 years 194 13.3
    55-64 years 221 15.2
    65-74 years 156 10.7
    Others 449 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 497 47.8
    Not Married 420 40.4
    Defacto Relationship 122 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1159 84.7
    New Zealand 8 0.6
    Papua New Guinea 28 2.0
    United Kingdom 103 7.5
    Other 29 2.1
    Others 41 3.0
    Country of Birth
    Census Count Percent(%)
    Christianity 794 61.1
    No Religion 463 35.6
    Buddhism 26 2.0
    Other Religious Groups 12 0.9
    Australian Aboriginal Traditional Religions 5 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 54 10.7
    $400-$599 72 14.3
    $600-$799 82 16.3
    $800-$999 70 13.9
    $1,500-$1,999 47 9.3
    Others 179 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 499 46.4
    Employed, worked full-time 271 25.2
    Employed, worked part-time 228 21.2
    Unemployed, looking for work 41 3.8
    Employed, away from work 36 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 74 14.0
    Professionals 82 15.5
    Technicians & trades workers 81 15.3
    Clerical & administrative workers 68 12.8
    Labourers 81 15.3
    Others 144 27.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 160 50.8
    Secondary 79 25.1
    Technical or Further Educational Institution 35 11.1
    University or other Tertiary Institutions 24 7.6
    Other type of educational institution 11 3.5
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1250 91.7
    Flat, unit or apartment 43 3.2
    Caravan, cabin, houseboat 30 2.2
    Semi-detached, row or terrace house, townhouse 23 1.7
    House or flat attached to a shop, office 17 1.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 229 41.6
    Being purchased 176 32.0
    Rented 141 25.6
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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