Cygnet is a small locality in Tasmania within the Huon Valley local government area (postcode 7112). With a population of 1,742, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $54K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Cygnet has a median house price of $650,000, which has fallen sharply by 8.1% year-on-year. Units have a median price of $600,000 (+23.7% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,280.
Cygnet is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 928, which is below the national average of 1,000. Public transport access includes 7 bus stops.
On the investment side, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($650K/$750K). The price-to-income ratio of 12.0x is considered stretched. House prices have moved -8.1% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.