With a capital gain of 5.71% for the last 12 months, Bicheno, 7215 has performed for property investments than its average annual 5.02% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Bicheno has given property investors a paper return of 0.00%. This puts Suburb as 132 on a list of fastest fasting appreciating suburbs in TAS
Bicheno7215 is located in TAS which offers an average discount of -5.82% to property investors. Bicheno itself is showing figures that indicate -8.46% is the average achievable by property buyers investing in the suburb.
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