Suburb Profile Report for Blackmans Bay TAS (7052)

Blackmans Bay House: Median price $497,525, Annual capital growth 3.43%, Number of sales 93, Weekly median advertised rent $425

Blackmans Bay Unit: Median price $342,500, Annual capital growth 4.60%, Number of sales 46, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Blackmans Bay, 7052 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 11.80%.

Across a shorter period, Blackmans Bay, 7052 has seen a median price increase of 8.51% over the last quarter.

Property investors looking for a bargain in Blackmans Bay should be aiming for at least -2.64% off the asking price, which is the average vendor discount being achieved at the moment.

At number 264 in a list of fastest selling suburbs, Blackmans Bay is in the TOP 30% of suburbs in Australia with an average of days on market 31.6 for properties listed there.

Property investors should expect to get $425 weekly from the median priced house in this suburb.

With a capital gain of 3.79% for the last 12 months, Blackmans Bay, 7052 has performed for property investments than its average annual 4.60% property growth over the last 5 years.

Over the longer term, Blackmans Bay has seen property prices show investors a 7.03% return over the last 3 years. This is worse than over the last 12 months

In the last year 46 properties changed hands in Blackmans Bay, which puts it as the 9th most active market in TAS when comparing the number of sales per suburb.

Blackmans Bay, 7052’s gross rental yield is 4.93%

Information supplied by:


April 2017

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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

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.

 

Close
Metrics i HOUSE UNIT
$497,525 $342,500
8.51% 4.74%
11.80% 3.79%
3.43% 4.60%
$425 $325
93 46
4.44% 4.93%
31.6 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Blackmans Bay TAS
Demographics
Total population 6728
Median household income ($/weekly) 1285
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 876 13.0
    35-44 years 873 13.0
    45-54 years 1052 15.6
    55-64 years 984 14.6
    65-74 years 615 9.1
    Others 2328 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 2736 54.6
    Not Married 1856 37.0
    Defacto Relationship 420 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5421 82.7
    New Zealand 81 1.2
    South Africa 76 1.2
    United Kingdom 522 8.0
    Other 121 1.8
    Others 334 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.7
    Christianity 4211 67.2
    Judaism 14 0.2
    Other Religious Groups 30 0.5
    No Religion 1946 31.1
    Others 23 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 236 10.4
    $600-$799 225 9.9
    $1,000-$1,249 243 10.7
    $1,500-$1,999 308 13.6
    $2,000-$2,499 235 10.4
    Others 1021 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1901 35.7
    Not in the labour force 1770 33.2
    Employed, worked part-time 1282 24.1
    Employed, away from work 216 4.1
    Unemployed, looking for work 157 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 463 13.6
    Professionals 813 23.9
    Technicians & trades workers 448 13.2
    Clerical & administrative workers 578 17.0
    Sales 382 11.2
    Others 715 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 48 3.0
    Infants/Primary 631 38.9
    Secondary 473 29.2
    Technical or Further Educational Institution 160 9.9
    University or other Tertiary Institutions 274 16.9
    Others 36 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5828 91.5
    Flat, unit or apartment 342 5.4
    Semi-detached, row or terrace house, townhouse 195 3.1
    Improvised home, tent, sleepers out 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1040 41.9
    Being purchased 948 38.2
    Rented 485 19.5
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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