Blackmans Bay is an average performer in TAS when comparing median price capital growth over the last year. Blackmans Bay gave property investors a average capital gain figure when compared to the rest of the state, with 6.03%.
Blackmans Bay,7052 was ranked 1819 in Australia by increase in median property value over the quarter.
Blackmans Bay, 7052 is offering TAS ‘s 47th 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.
At number 557 in a list of fastest selling suburbs, Blackmans Bay is in the TOP 20% of suburbs in Australia with an average of days on market 53.2584 for properties listed there.
Blackmans Bay is 113th on a list of best yielding suburbs for rents in TAS with a 4.19% return
Property value increases in Blackmans Bay have tracked close to the TAS average of 5.99% over the last 12 months.
Blackmans Bay,7052 has offered an average of 6.49% return per annum in house price rises to property investors over the last three years.
Blackmans Bay is 25th on a list of best yielding suburbs for rents in TAS with a 5.33% 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.