Giving property investors a a stable capital gain of 19.41% for the last year, Snug, 7054 is the 1055th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Snug,7054 has racked up an average of 19.41% over the period. This ranks it number 645th in the whole country for real estate investors looking at median house price increases.
Residents and property investors in Snug have been waiting around 37.6667 days to sell a property.
Information supplied by:
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%.