Suburb Profile Report for Blackstone Heights TAS (7250)

Blackstone Heights House: Median price $477,500, Annual capital growth 3.59%, Number of sales 36, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Expert Report

Investment property in Blackstone Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.37%

Comparing Blackstone Heights,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Blackstone Heights7250 is located in TAS which offers an average discount of -6.10% to property investors. Blackstone Heights itself is showing figures that indicate -5.40% is the average achievable by property buyers investing in the suburb.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 5.23%, without taking into account capital value appreciation, which has been averaging out at 3.59%.

Information supplied by:


January 2019

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Floor to ceiling windows, double-story designs and sprawling floorplans that take advantage of the suburbs stunning landscapes are all common in Blackstone Heights, a premium yet affordable suburb of TasmaniaFull summary

Acreage homes with plenty to offer

Postcode: 7250

Median house price: $472,500

Three-year growth: 21.2%

Rental yield: 5.0%

Floor to ceiling windows, double-story designs and sprawling floorplans that take advantage of the suburbs stunning landscapes are all common in Blackstone Heights, a premium yet affordable suburb of Tasmania.

An outer suburb of Launceston, Blackstone Heights doesn’t have too many of its own amenities. For instance, shops and schools need to be accessed in nearby suburbs.

What it lacks in this area, it more than makes up for in style and substance when it comes to housing, however. A budget of around $500-600,000 could secure investors a deluxe property in the area, which is spotted with a mix of established, heritage-style dwellings and newer, more modern builds. For an investor who likes the idea of buying into an acreage property with plans to eventually retire to the land, this could be the ideal spot to investigate further.

 

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Metrics i HOUSE UNIT
$477,500 N/A
1.60% N/A
4.37% N/A
3.59% N/A
$480 N/A
36 N/A
5.23% N/A
42.5 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1293
Median household income ($/weekly) 1651
Median age of persons 38
Median housing loan repayment ($/monthly) 1668
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 195 15.1
    15-19 years 142 11.0
    35-44 years 222 17.2
    45-54 years 261 20.2
    55-64 years 152 11.7
    Others 322 24.9
    Age Group
    Census Count Percent(%)
    Registered Married 585 60.8
    Not Married 316 32.8
    Defacto Relationship 61 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1141 89.9
    Philippines 7 0.6
    United Kingdom 63 5.0
    United States of America 7 0.6
    Other 22 1.7
    Others 29 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 869 71.4
    No Religion 338 27.8
    Buddhism 7 0.6
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 40 10.7
    $1,250-$1,499 42 11.3
    $1,500-$1,999 49 13.1
    $2,000-$2,499 56 15.0
    $2,500-$2,999 46 12.3
    Others 140 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 430 42.3
    Employed, worked part-time 267 26.3
    Not in the labour force 254 25.0
    Employed, away from work 34 3.3
    Unemployed, looking for work 31 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 103 14.1
    Professionals 133 18.2
    Technicians & trades workers 114 15.6
    Clerical & administrative workers 117 16.0
    Sales 103 14.1
    Others 162 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 11 2.9
    Infants/Primary 145 38.2
    Secondary 138 36.3
    Technical or Further Educational Institution 28 7.4
    University or other Tertiary Institutions 52 13.7
    Others 6 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1225 98.1
    Semi-detached, row or terrace house, townhouse 24 1.9
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 238 58.0
    Fully owned 131 32.0
    Rented 41 10.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals