Suburb Profile Report for Snug TAS (7054)

Snug House: Median price $490,000, Annual capital growth 5.39%, Number of sales 24, Weekly median advertised rent $435

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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:


November 2017

M
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W
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Vacancies are consumed

Postcode: 7054

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%.

 

Metrics i HOUSE UNIT
$490,000 N/A
0.51% N/A
0.00% N/A
5.39% N/A
$435 N/A
24 N/A
4.62% N/A
32.2307692307692 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 856
Median household income ($/weekly) 1022
Median age of persons 37
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 121 14.1
    25-34 years 88 10.3
    35-44 years 121 14.1
    45-54 years 96 11.2
    55-64 years 108 12.6
    Others 323 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 323 56.3
    Not Married 186 32.4
    Defacto Relationship 65 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 716 88.0
    China 6 0.7
    New Zealand 6 0.7
    United Kingdom 48 5.9
    Other 14 1.7
    Others 24 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 498 64.0
    No Religion 264 33.9
    Buddhism 10 1.3
    Other Religious Groups 6 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 34 12.2
    $400-$599 37 13.3
    $600-$799 35 12.5
    $1,000-$1,249 27 9.7
    $1,500-$1,999 38 13.6
    Others 108 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 256 40.4
    Employed, worked full-time 216 34.1
    Employed, worked part-time 124 19.6
    Unemployed, looking for work 19 3.0
    Employed, away from work 18 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 45 12.6
    Professionals 47 13.2
    Technicians & trades workers 56 15.7
    Clerical & administrative workers 62 17.4
    Labourers 47 13.2
    Others 99 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.8
    Infants/Primary 87 50.6
    Secondary 38 22.1
    Technical or Further Educational Institution 16 9.3
    University or other Tertiary Institutions 15 8.7
    Others 6 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 754 96.9
    Caravan, cabin, houseboat 13 1.7
    House or flat attached to a shop, office 11 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 122 41.4
    Fully owned 114 38.6
    Rented 55 18.6
    Other tenure type 4 1.4
    Tenure Type
Census 2011, ABS
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