Investment property in Blackmans Bay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.91%
Over the longer term, Blackmans Bay has seen property prices show investors a 9.26% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Blackmans Bay 7052 should be seeing an average reduction in asking price of around -4.58% . This means that Blackmans Bay is holding prices well when compared to other suburbs in TAS.
With the median price for a house in Blackmans Bay being $442500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.70%
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 0.47%.
If we look at median property appreciation over just the last three months, Blackmans Bay has given property investors a paper return of -1.92%. This puts Suburb as 37 on a list of fastest fasting appreciating suburbs in TAS
Property investors looking for a bargain in Blackmans Bay should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 5.23%.