If you compare the increase in value of investment property in Blackmans Bay, 7052 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.33%.
Across a shorter period, Blackmans Bay, 7052 has seen a median price increase of -0.56% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Blackmans Bay is offering property investors an average of -7.18. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in TAS
With the median price for a house in Blackmans Bay being $440000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.67%
TAS has seen average median house prices change by 1.72% which means that Blackmans Bay, 7052 has done well for property investors by showing a capital gain of 3.23% over the last year
Across a shorter period, Blackmans Bay, 7052 has seen a median price increase of -7.25% over the last quarter.
Our latest figures would indicate that property sellers in Blackmans Bay are currently offering property investors an average price cut of -4.29% below the asking price at the moment.
In the last year 53 properties changed hands in Blackmans Bay, which puts it as the 5th most active market in TAS when comparing the number of sales per suburb.