If you compare the increase in value of investment property in Blackmans Bay, 7052 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was 0.00%.
While Blackmans Bay,7052 ranked number 144th in TAS for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Blackmans Bay, 7052. Typically our figures indicate that -4.60% is being offered, which puts this TAS suburb at 2740th most discounted overall in Australia.
Blackmans Bay, 7052’s gross rental yield is 4.73%
TAS has seen average median house prices change by 3.78% which means that Blackmans Bay, 7052 has done well for property investors by showing a capital gain of 1.54% over the last year
Blackmans Bay,7052 was ranked 814 in Australia by increase in median property value over the quarter.
The most recent median price for Blackmans Bay is $330000, with sellers offering an average of -7.01% off the asking price.
The suburb of Blackmans Bay sits south of Hobart by the sea. It offers both investors and residents an excellent deal as Hobart’s property market soars.Full summary
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Supply falls in coast-side suburb
Median unit price: $320,000
Stock on market: -43.30%
12-month growth: 3.23%
The suburb of Blackmans Bay sits south of Hobart by the sea. It offers both investors and residents an excellent deal as Hobart’s property market soars.
The supply of homes has fallen by nearly 50% over the past year, heightening demand and causing the average vacancy rate to slip from 0.87% to 0.63%. In the process, unit prices have risen by 3.2% to $320,000 – a considerable increase compared to three years ago. The average yield for investors is quite high at 5.2%, and apartments can be sold at a low average discount rate of 4.3%.
Blackmans Bay has several primary schools. There’s also a local shopping centre with a supermarket, doctor’s surgery and pharmacy. The beach offers views of the water, and a trail leads to the popular fishing spot Flowerpot Point.