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Cygnet
AREA REPORTS

Cygnet

Cygnet - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7112

house

Property investors have seen a 4.73% gain in CYGNET based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CYGNET, 7112 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 17.55%.

Based on its average 5-year and quarterly capital gains CYGNET, 7112 saw average growth in the long term.

The TAS suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $576,000

Profits averaged 20% per annum over a 3-year period, due to an upward trend in home prices in CYGNET, 7112.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in CYGNET, 7112 is 3.61%.

An average of 3.5 real estate transactions take place per month in CYGNET which translates to 42 per annum.

Data report can be found below

Cygnet
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $576,000 N/A
GROWTH REPORT
Median Quarterly 4.73% N/A
Median 12 month 17.55% N/A
Median 3 years 60% N/A
Median 5 years 80% N/A
10 years average annual 8.31% N/A
Weekly media advert. rent $400 N/A
Time on Market 28.1 days N/A
Gross Rental Yield Percent 3.61% N/A
demographics (median values)*
Total Population
3066
Weekly Household Income
863
Household Size
2.30
Age
47
Monthly Loan Repayment
1140
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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