Coles Bay

POSTAL CODE: TAS, 7215
HOUSE
COLES BAY ranks 69th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -14.57% for the past year is lower than average compared to its 62.23% growth within a five-year period.

Also in COLES BAY, the median home price is sitting at $899,150, and the average rent at N/A, this suggests property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a 7.9% gain in COLES BAY based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 13.28% growth over a ten-year period. It ranks 3896th on our list of suburbs that property investors should look into.

Surburb overview

Coles Bay, with the postcode 7215, is a scenic coastal town located approximately 192 kilometres northeast of Hobart in Tasmania. Known for its stunning natural beauty and proximity to the Freycinet National Park, Coles Bay is a popular destination for both residents and tourists. The population of Coles Bay is around 350 residents, primarily consisting of families, retirees, and professionals who are drawn to the area’s serene environment and outdoor lifestyle.

Coles Bay falls under the jurisdiction of the Glamorgan Spring Bay Council, which ensures well-maintained infrastructure and community services. Public transportation options are limited, with private transport being the primary mode of travel for residents due to the rural and remote setting.

Educational facilities near Coles Bay are limited, with the nearest primary school located in Bicheno, about 30 kilometres north of Coles Bay. For secondary education, students typically travel to St Marys District School or other schools in the broader region. Higher education opportunities are available in Hobart, including the University of Tasmania.

For shopping and essential services, residents rely on local convenience stores and shops within Coles Bay. For more extensive shopping and services, residents often travel to larger towns such as Bicheno or Swansea, which offer a wider range of retail stores, supermarkets, and dining options.

Coles Bay is renowned for its recreational activities, particularly those centred around its stunning coastal and natural surroundings. The town serves as the gateway to Freycinet National Park, home to iconic landmarks such as Wineglass Bay, The Hazards, and Honeymoon Bay. These locations offer world-class hiking, rock climbing, and bird watching, attracting nature enthusiasts and adventure seekers.

Water-based activities are a major draw in Coles Bay, with opportunities for kayaking, sailing, fishing, and snorkelling in the crystal-clear waters of Great Oyster Bay. The nearby Moulting Lagoon is a Ramsar wetland site, providing excellent conditions for birdwatching and wildlife observation.

Coles Bay’s natural beauty extends to its local beaches, such as Richardsons Beach and Muirs Beach, which are perfect for swimming, sunbathing, and picnicking. The Freycinet Marine Farm is a popular local attraction where visitors can sample fresh seafood, including oysters and mussels, directly from the source.

The town hosts a variety of community events and activities throughout the year, fostering a strong sense of community engagement and social connection. The local tourism industry also supports numerous small businesses, including accommodation providers, restaurants, and tour operators, contributing to the town’s vibrant economy.

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