At number 2077th in the list of Australian suburbs ordered by increase in median house value over the last year, Snug, 7054 is in the BOTTOM 50% with a property value increase of 0.00% recorded in median house prices.
A 46.27% growth in median value for property investors in Snug,7054 puts this suburb at number 117th in terms of best performing suburbs in TAS
A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 5.39%.
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%.