With a capital gain of 15.13% for the last 12 months, Cygnet, 7112 has performed for property investments than its average annual 6.51% property growth over the last 5 years.
Across a shorter period, Cygnet, 7112 has seen a median price increase of 6.06% over the last quarter.
Vendor discounting in Cygnet is giving property investors an average Vendor Discount of around -5.09%. This puts suburb at number 51th in TAS when ranking the most discounted suburbs.
The TAS suburb of Cygnet, 7112 is in the Huon Valley (M) local government area.
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Outer suburb keeps it tight
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.