Over the last year, property investments in Bicheno, 7215 have given investors a capital gain of -1.32%. This compares very badly with the 7.76% for TAS as a whole.
A 56.25% growth in median value for property investors in Bicheno,7215 puts this suburb at number 187th in terms of best performing suburbs in TAS
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.54% offered to property buyers. Sellers in Bicheno itself are offering an average vendor discount of -5.80% to real estate investors.
Renters in Suburb are facing rents around $18980 per annum or $365 every week.
Information supplied by:
Seafood town hooks buyers
Median house price: $341,000
Three-year growth: 45.11%
Rental yield: 4.27%
About half an hour north of Coles Bay, the suburb of Bicheno is a popular holiday town by the water. With the upswing in the Tasmanian property market, Bicheno’s house market has followed suit, recording almost 18% growth in the February 2017 quarter.
Having sustained growth over the past five years, Bicheno certainly looks to have long-term potential especially given the rosy outlook for the state. Hence, buyers will want to consider this suburb while prices and the average rental yield remain reasonable. Sellers have a good chance of profiting on the other end of the market, with houses selling at an average discount rate of just 5.36%.
The tourism boom has resulted in the establishment of shops and restaurants, as Bicheno is known for its seafood. There are also parks and reserves, including the Diamond Island Nature Reserve that gets up close and personal with the local penguins.