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%
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
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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.