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Herdsmans Cove

POSTAL CODE: TAS, 7030
HOUSE

Property investors enjoyed capital gains of 9.07% over the last 12 months in HERDSMANS COVE, translating to lower returns compared with its peers in TAS.

A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 12.68% growth over a ten-year period. It ranks 3942nd on our list of suburbs that property investors should look into.

HERDSMANS COVE, 7030 has a capital gain of 9.07% for the past year, which is lower than average compared to its 51.48% growth within a five-year period.

With the median home price in HERDSMANS COVE sitting at $409,000, and the average rent at $450, property owners could potentially earn a 5.72% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in HERDSMANS COVE are low, as opposed to average gains per annum over the past five years.

HERDSMANS COVE, 7030 in TAS belongs to the local government area of Brighton.

Surburb overview

Herdsmans Cove, with the postcode 7030, is a suburb located approximately 22 kilometres north of Hobart’s central business district in Tasmania. Situated along the eastern bank of the River Derwent, Herdsmans Cove offers a mix of suburban living and access to natural landscapes. The population of Herdsmans Cove is around 1,500 residents, comprising families, young professionals, and retirees who appreciate the suburb’s community-oriented environment and scenic setting.

Herdsmans Cove falls under the jurisdiction of the Brighton Council, which ensures well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car, with the Midland Highway and East Derwent Highway connecting it to Hobart and other nearby towns.

Educational facilities near Herdsmans Cove include Gagebrook Primary School and Bridgewater High School, catering to the educational needs of families with children. For further education, residents can access various schools in nearby areas, as well as the University of Tasmania and TasTAFE campuses in Hobart.

For shopping and essential services, Herdsmans Cove residents often visit the nearby Bridgewater Marketplace, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Brighton municipality also provides additional shopping facilities and services, ensuring residents have convenient access to everyday needs. For more extensive shopping and services, residents often travel to Hobart.

Herdsmans Cove offers numerous recreational activities, with several parks and green spaces enhancing the suburb’s appeal. The Herdsmans Cove reserve is a popular local spot featuring walking trails, picnic areas, and playgrounds, making it ideal for family outings and outdoor activities. The suburb’s location along the Derwent River allows for various water-based activities such as fishing, kayaking, and boating. The scenic riverfront provides opportunities for leisurely walks and cycling, offering picturesque views and a peaceful environment for outdoor recreation.

Residents of Herdsmans Cove benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb’s strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including Mount Wellington and the Derwent Valley.

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