If you compare the increase in value of investment property in Blackstone Heights, 7250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 5.46%.
Across a shorter period, Blackstone Heights, 7250 has seen a median price increase of 2.12% over the last quarter.
Blackstone Heights, 7250 is offering TAS ‘s 94th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Residents and property investors in Blackstone Heights have been waiting around 42.5 days to sell a property.
With the median price for a house in Blackstone Heights being $482500 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 5.01%
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
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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.