Blackmans Bay, 7052 ranked 73th in TAS when comparing growth in median property values or capital gain over the last 12 months. Blackmans Bay is one of 606 in our list for TAS
While Blackmans Bay,7052 ranked number 19th in TAS for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.
Our latest figures would indicate that property sellers in Blackmans Bay are currently offering property investors an average price cut of -4.67% below the asking price at the moment.
The TAS suburb of Blackmans Bay, 7052 is in the Kingborough local government area.
TAS has seen average median house prices change by 5.89% which means that Blackmans Bay, 7052 has done well for property investors by showing a capital gain of -4.35% over the last year
Blackmans Bay,7052 has offered an average of -4.35% return per annum in house price rises to property investors over the last three years.
Blackmans Bay7052 is located in TAS which offers an average discount of -5.05% to property investors. Blackmans Bay itself is showing figures that indicate -5.34% is the average achievable by property buyers investing in the suburb.
In the last year 46 properties changed hands in Blackmans Bay, which puts it as the 8th most active market in TAS when comparing the number of sales per suburb.
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.