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Blackmans Bay, TAS 7052

Home » TAS Real Estate Data » Kingborough Council, TAS » Blackmans Bay, TAS 7052

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Blackmans Bay, TAS 7052 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Blackmans Bay, TAS 7052”

  1. The total adult population (15 years or older) of Blackmans Bay 7052 TAS is 6,316, with a median age of 42. Of those, 52.80% are married, 11.81% are divorced or separated, 30.16% are single and 5.18% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,536. The median monthly mortgage repayment for households in this suburb is $1,655 which is 19.39% of their earnings.

    Source: ABS Census Data (2021)

  2. The peaceful suburb of BLACKMANS BAY 7052 is nestled within the state of Tasmania, housing approximately 3330 households. As we enter Q3 of 2023, we’ve seen the typical home prices in this suburb register at $824,632. Nonetheless, median weekly rent stands at a considerable $614, leading to a promising indicative yield of approximately 3.87%.

    In terms of the socio-economic climate in BLACKMANS BAY 7052, the IRSAD score holds steady at an impressive 1041 out of a possible 1217. This signifies favourable socio-economic conditions, potentially indicating a comfortable level of access to financial resources amongst residents, along with possibly high income and a prevalence of skilled professions.

    A factor that particularly sets BLACKMANS BAY 7052 apart is its healthy renter to owner ratio, which is at a balanced 22%. The area is not oversaturated with rentals, therefore signifying a lower level of property investor competition and higher potential returns. Further, with a units to houses ratio settled around 14%, the market here doesn’t seem overwrought with an excess supply of units – a promising trait for investors looking for less competition and more stability.

    Regrettably, the housing affordability index does cross the desired threshold, standing at 38 years. Based on current property prices, interest rates and median family income, fully owning a property in the suburb seems to require more time than the standard 30-year mortgage, indicating decreased affordability.

    Supply indicators of the property market in this suburb reflect favourable conditions – the stock on market Percentage for houses is only 0.37% signalling a low supply market. More so, the inventory sitting at 1.3 months and a surmountable building approvals Ratio at just 0.21%, further enhances these indicators, reflecting a strong market that is not overly saturated.

    The suburb records an average days on market of 41. Though above the ideal threshold of 35 days, it isn’t excessively high, indicating a somewhat healthy demand. The vacancy rate, combining both the numbers for houses and units, is at an acceptable level of 2.93%.

    Despite this, the buy search index for houses stands at 3, below the ideal range. This could signal limited demand for houses in the area, suggesting a potential area of concern for investors considering BLACKMANS BAY 7052.

    In conclusion, while BLACKMANS BAY 7052 does present some promising values and trendlines including a low supply market and favourable socio-economic conditions, one must ensure a thorough understanding of all property market data to make well-informed investment decisions. There’s always the option to leverage the RCS metric by HtAG Analytics, utilising more than 80 metrics for comprehensive real estate analytics. It’s also important to recognise, a few less favourable metrics don’t overshadow the broader favourable conditions if they align with your investment strategy.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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