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%
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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.