Over the last year, property investments in Blackmans Bay, 7052 have given investors a capital gain of 1.14%. This compares badly with the 6.16% for TAS as a whole.
A 6.84% growth in median value for property investors in Blackmans Bay,7052 puts this suburb at number 99th in terms of best performing suburbs in TAS
Property investors looking for a bargain in Blackmans Bay should be aiming for at least -4.05% off the asking price, which is the average vendor discount being achieved at the moment.
Investment property in Blackmans Bay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.35%
While Blackmans Bay,7052 ranked number 28th in TAS for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Blackmans Bay itself are offering an average vendor discount of -6.88% to real estate investors.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
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.