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%.
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
Information supplied by:
Acreage homes with plenty to offer
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.