With a capital gain of 3.06% for the last 12 months, Snug, 7054 has performed for property investments than its average annual 6.59% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Snug comes in at number 15th in TAS.
At number 62 in a list of fastest selling suburbs, Snug is in the TOP 10% of suburbs in Australia with an average of days on market 36.0714 for properties listed there.
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%.