With a capital gain of 5.70% for the last 12 months, Blackmans Bay, 7052 has performed for property investments than its average annual 4.34% property growth over the last 5 years.
Over the longer term, Blackmans Bay has seen property prices show investors a 28.04% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Blackmans Bay should be aiming for at least -3.03% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $497.5 weekly from the median priced house in this suburb.
With a capital gain of 9.09% for the last 12 months, Blackmans Bay, 7052 has performed for property investments than its average annual 4.13% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Blackmans Bay comes in at number 15th in TAS.
Blackmans Bay is 9th on a list of best yielding suburbs for rents in TAS with a 5.26% return
Information supplied by:
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.