Cygnet has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 0.00% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Cygnet comes in at number 121th in TAS.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Cygnet itself are offering an average vendor discount of -3.69% to real estate investors.
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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.