Binalong Bay

POSTAL CODE: TAS, 7216
HOUSE
BINALONG BAY ranks 124th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -31.18% for the past year is lower than average compared to its 38.38% growth within a five-year period.

Also in BINALONG BAY, the median home price is sitting at $640,000, and the average rent at $412.5, this suggests property owners could potentially earn a 3.35% increase in gross rental yield.

Property investors have seen a 5.79% gain in BINALONG 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 9.31% growth over a ten-year period. It ranks 324th on our list of suburbs that property investors should look into.

Surburb overview

Binalong Bay is a stunning coastal suburb located approximately 12 kilometres northeast of St Helens, Tasmania. Situated on the southern end of the renowned Bay of Fires, Binalong Bay is famous for its pristine beaches, crystal-clear waters, and striking granite rocks laced with orange lichen. This picturesque setting makes Binalong Bay a popular destination for both residents and visitors.

The population of Binalong Bay is around 290 residents, according to the most recent census data. The suburb has a diverse demographic mix, including families, retirees, and professionals, many of whom are drawn to the area's natural beauty and tranquil lifestyle. The small population fosters a close-knit community where residents often engage in local activities and events.

Binalong Bay falls under the jurisdiction of the Break O'Day Council. Public transportation options are limited, so most residents rely on personal vehicles for commuting and travel. The suburb's remote location means that essential services and amenities are found in nearby St Helens, which is easily accessible by road.

In terms of education, there are no schools within Binalong Bay itself, but several educational institutions are located in St Helens. St Helens District High School provides primary and secondary education, catering to the needs of families in the area. For shopping and everyday essentials, residents typically travel to St Helens, which offers a variety of retail stores, supermarkets, cafes, and restaurants.

Binalong Bay is renowned for its natural attractions and outdoor recreational opportunities. The Bay of Fires is a major draw, featuring some of the most beautiful beaches in Tasmania, ideal for swimming, snorkelling, fishing, and kayaking. The area is also known for its excellent walking trails, including the Bay of Fires Lodge Walk, which offers spectacular coastal views and a chance to explore the region's unique flora and fauna.

The community spirit in Binalong Bay is strong, with various local events and activities organised throughout the year. These events help foster a sense of belonging and provide residents with opportunities to engage and socialise. The suburb's natural setting and active community make it an ideal location for outdoor gatherings and social activities.

Binalong Bay's combination of coastal beauty, serene environment, and proximity to St Helens makes it an attractive location for a wide range of residents. Its scenic landscapes, coupled with the availability of quality schools and nearby amenities, contribute to its appeal as a desirable residential suburb. The suburb's vibrant community spirit and natural beauty further enhance its charm and desirability.

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