The Cygnet Island, part of the Waterhouse Island Group, is a 0.5-hectare (1.2-acre) granite islet situated in Banks Strait, part of Bass Strait, lying close to the north-eastern coast of Tasmania, Australia.

[1] Other islands in the Waterhouse Group include Ninth, Tenth, Waterhouse, Little Waterhouse, Maclean, Baynes, Foster, Swan, Little Swan, St Helens and Paddys islands and Bird Rock and George Rocks islets.

[1] Recorded breeding seabird and wader species are Pacific gull, sooty oystercatcher and black-faced cormorant.

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