Investment property in Blackmans Bay has done pretty 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 1.14%
Comparing Blackmans Bay,7052 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Blackmans Bay is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in TAS
The TAS suburb of Blackmans Bay, 7052 is in the Kingborough local government area.
Property value increases in Blackmans Bay have tracked just lower than the TAS average of 4.47% over the last 12 months.
Blackmans Bay,7052 was ranked 1168 in Australia by increase in median property value over the quarter.
Blackmans Bay7052 is located in TAS which offers an average discount of -5.16% to property investors. Blackmans Bay itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
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
Information supplied by:
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.