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 0.57%.
Blackmans Bay,7052 was ranked 2528 in Australia by increase in median property value over the quarter.
Blackmans Bay, 7052 is offering TAS ‘s 132th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.
Often selling an investment property can take time, and in Blackmans Bay the average time real estate has been on the market is 60.61 days.
Blackmans Bay is 100th on a list of best yielding suburbs for rents in TAS with a 4.70% return
With a capital gain of 3.45% for the last 12 months, Blackmans Bay, 7052 has performed for property investments than its average annual 5.58% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Blackmans Bay has given property investors a paper return of 0.00%. This puts Suburb as 36 on a list of fastest fasting appreciating suburbs in TAS
Sellers are offering property buyers an average discount of -5.51% to buyers in Blackmans Bay at the moment, which is less than average for the rest of TAS.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
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.