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Penguin

POSTAL CODE: TAS, 7316
HOUSE

PENGUIN, 7316 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in TAS have risen as a whole, pulling PENGUIN, 7316 values up and netting property investors a capital gain of 8.6% for the past year.

Investors saw the median home price rise to $625,000.

Profits due to an upward trend in home prices in the suburb averaged 3.87% per annum over a 3-year period.

PENGUIN now ranks at the 81st place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $450 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PENGUIN, homes and units usually stay on listing for an average of 69.9 days.

In 2016, 81 properties were sold in PENGUIN during the past year, making it the 11th most active market in TAS based on total real estate transactions.

Surburb overview

Penguin, with the postcode 7316, is a picturesque coastal town located approximately 25 kilometres west of Devonport and 14 kilometres east of Burnie in Tasmania’s North West region. The population of Penguin is around 4,000 residents, comprising a mix of families, professionals, retirees, and holidaymakers who appreciate the town’s serene environment and close-knit community.

Penguin falls under the jurisdiction of the Central Coast Council, which ensures well-maintained infrastructure and community services. Public transportation is available, with bus services connecting Penguin to nearby towns such as Burnie and Devonport, making commuting convenient for residents. The town is also easily accessible by car via the Bass Highway, facilitating straightforward travel to other parts of Tasmania.

Educational facilities in Penguin include Penguin District School, which caters to students from kindergarten through to Year 12. For higher education, residents often travel to institutions in Burnie and Devonport, such as the TasTAFE Burnie campus and the Cradle Coast campus of the University of Tasmania.

The main shopping precinct along Main Road features charming heritage buildings housing boutique stores, galleries, and eateries. For more extensive shopping and services, residents often travel to Burnie or Devonport.

The town is home to numerous beaches, including Penguin Beach and Johnsons Beach, which are ideal for swimming, sunbathing, and water sports. The nearby Penguin Foreshore offers walking trails, picnic areas, and playgrounds, making it a popular spot for family outings and outdoor activities. The Dial Range provides excellent opportunities for hiking, mountain biking, and exploring the region’s diverse flora and fauna.

The town’s historical significance is reflected in its well-preserved heritage buildings and sites, such as the Penguin General Cemetery and the heritage-listed Uniting Church. The Big Penguin, a large penguin statue located on the foreshore, is a local landmark and popular tourist attraction.

Outdoor enthusiasts can enjoy various walking and cycling trails in the area, including the Penguin to Cradle Mountain Trail, which offers stunning views of the coastline and surrounding landscapes. The region’s diverse wildlife, including little penguins that come ashore at night, adds to Penguin’s appeal as a haven for nature lovers and eco-tourism.

Penguin combines the tranquillity of coastal living with the charm of a historic town and the convenience of essential amenities, making it an attractive place for a diverse range of residents. The town’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within Tasmania. 

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