Property investors who have had real estate in Blackmans Bay, 7052 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.42%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackmans Bay has increased when compared to the 5 year average annual rate.
Property buyers and investors in Blackmans Bay 7052 should be seeing an average reduction in asking price of around -4.39% . This means that Blackmans Bay is holding prices well when compared to other suburbs in TAS.
Blackmans Bay is 92th on a list of best yielding suburbs for rents in TAS with a 3.86% return
Giving property investors a a solid capital gain of 27.80% for the last year, Blackmans Bay, 7052 is the 91th highest performer in Australia in this respect.
A 55.22% growth in median value for property investors in Blackmans Bay,7052 puts this suburb at number 2nd in terms of best performing suburbs in TAS
Residents and property investors in Blackmans Bay have been waiting around 35.8611 days to sell a property.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 8.02%.
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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.