Giving property investors a a stable capital gain of 11.45% for the last year, Bicheno, 7215 is the 1367th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Bicheno comes in at number 97th in TAS.
Our latest figures would indicate that property sellers in Bicheno are currently offering property investors an average price cut of -7.98% below the asking price at the moment.
Residents and property investors in Bicheno have been waiting around 128.55 days to sell a property.
With the median price for a house in Bicheno being $370000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 3.65%
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.Full summary
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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.Close