Suburb Profile Report for Cygnet TAS (7112)

Cygnet House: Median price $387,250, Annual capital growth 4.63%, Number of sales 35, Weekly median advertised rent $330

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Over the last year, property investments in Cygnet, 7112 have given investors a capital gain of 13.02%. This compares favourably with the 7.30% for TAS as a whole.

Taking the average capital gain, or increase in median house value, Cygnet,7112 has racked up an average of 13.02% over the period. This ranks it number 751th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Cygnet is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 83th in terms of most discounted suburbs in TAS

In the last year 35 properties changed hands in Cygnet, which puts it as the 81th most active market in TAS when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.63%, investors should hope to achieve an overall return of 4.43%

Information supplied by:


December 2018

M
O

W
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Outer suburb keeps it tight

Postcode: 7112

Median house price: $365,000

Vacancy rate: 0.4%

Three-year growth: 23.7%

About 45 minutes southwest of Hobart, the suburb of Cygnet is a hidden gem in Tasmania’s Huon Valley.

Vacancies are extremely limited in this area, although the average rate did loosen slightly from 0.3% to 0.4% in the 12 months to September 2018. The demand among buyers continues to be remarkable – house values jumped by 13.7% in the same period. This is likely due to the suburb’s price tags, still quite low despite the boost.

Residents appreciate Cygnet for its countryside feel, with beaches well within reach just around 15 minutes from the suburb. It sits comfortably between the D'Entrecasteaux Channel and the Huon River, and is close to many of the apple, cherry and berry orchards that the valley is known for. The acclaimed Hartzview Vineyard makes it home here, and the old bank building produces excellent hand-crafted chocolates.

Metrics i HOUSE UNIT
$387,250 N/A
11.50% N/A
13.02% N/A
4.63% N/A
$330 N/A
35 N/A
4.43% N/A
74.96 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 1453
Median household income ($/weekly) 764
Median age of persons 41
Median housing loan repayment ($/monthly) 867
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 227 15.6
    35-44 years 207 14.2
    45-54 years 194 13.3
    55-64 years 221 15.2
    65-74 years 156 10.7
    Others 449 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 497 47.8
    Not Married 420 40.4
    Defacto Relationship 122 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1159 84.7
    New Zealand 8 0.6
    Papua New Guinea 28 2.0
    United Kingdom 103 7.5
    Other 29 2.1
    Others 41 3.0
    Country of Birth
    Census Count Percent(%)
    Christianity 794 61.1
    No Religion 463 35.6
    Buddhism 26 2.0
    Other Religious Groups 12 0.9
    Australian Aboriginal Traditional Religions 5 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 54 10.7
    $400-$599 72 14.3
    $600-$799 82 16.3
    $800-$999 70 13.9
    $1,500-$1,999 47 9.3
    Others 179 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 499 46.4
    Employed, worked full-time 271 25.2
    Employed, worked part-time 228 21.2
    Unemployed, looking for work 41 3.8
    Employed, away from work 36 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 74 14.0
    Professionals 82 15.5
    Technicians & trades workers 81 15.3
    Clerical & administrative workers 68 12.8
    Labourers 81 15.3
    Others 144 27.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 160 50.8
    Secondary 79 25.1
    Technical or Further Educational Institution 35 11.1
    University or other Tertiary Institutions 24 7.6
    Other type of educational institution 11 3.5
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1250 91.7
    Flat, unit or apartment 43 3.2
    Caravan, cabin, houseboat 30 2.2
    Semi-detached, row or terrace house, townhouse 23 1.7
    House or flat attached to a shop, office 17 1.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 229 41.6
    Being purchased 176 32.0
    Rented 141 25.6
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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