Property investors who have had real estate in Snug, 7054 should be relatively pleased 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 9.38%
Taking the average capital gain, or increase in median house value, Snug,7054 has racked up an average of 9.38% over the period. This ranks it number 1338th in the whole country for real estate investors looking at median house price increases.
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 HobartFull summary
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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%.