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Blackstone Heights

POSTAL CODE: TAS, 7250
HOUSE

BLACKSTONE HEIGHTS, 7250 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $842,500.

Profits due to an downward trend in home prices in the suburb averaged -1.6% per annum over a 3-year period.

BLACKSTONE HEIGHTS now ranks at the 149th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BLACKSTONE HEIGHTS are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BLACKSTONE HEIGHTS, homes and units usually stay on listing for an average of 41.1 days.

In 2016, 21 properties were sold in BLACKSTONE HEIGHTS during the past year, making it the 110th most active market in TAS based on total real estate transactions.

Surburb overview

Blackstone Heights, with the postcode 7250, is a suburban area situated approximately 10 kilometres southwest of Launceston in Tasmania. Known for its peaceful residential setting and proximity to natural attractions, Blackstone Heights is a desirable location for families and professionals seeking a serene lifestyle close to urban amenities. The population of Blackstone Heights is around 1,200 residents, primarily consisting of families, professionals, and retirees.

Governed by the Meander Valley Council, Blackstone Heights benefits from well-maintained infrastructure and community services. Public transportation options are available, with bus services connecting the suburb to Launceston and surrounding areas, although many residents prefer private transport due to the suburban layout.

Educational facilities near Blackstone Heights include Summerdale Primary School and Prospect High School, both located in the nearby suburb of Prospect. Additionally, Launceston offers a range of primary, secondary, and tertiary educational institutions, ensuring comprehensive educational opportunities for families living in Blackstone Heights.

For shopping and essential services, residents often visit the nearby Prospect Vale Marketplace, which features a variety of retail stores, supermarkets, and dining options. The larger city of Launceston, just a short drive away, provides a more extensive range of shopping, entertainment, and dining experiences, including the Launceston CBD and major shopping centres like the Launceston Mall and Kings Meadows Shopping Centre.

Recreational activities in Blackstone Heights are plentiful, with the suburb’s location near the South Esk River and Trevallyn Dam offering numerous opportunities for outdoor pursuits. Residents can enjoy fishing, kayaking, and boating on the river and dam. The Trevallyn Nature Recreation Area provides walking and cycling trails, picnic spots, and scenic views, making it a popular destination for nature enthusiasts and families.

The suburb’s peaceful environment and spacious residential properties contribute to a relaxed lifestyle. Blackstone Heights also benefits from its proximity to Launceston's cultural and recreational attractions, including the Cataract Gorge Reserve, Queen Victoria Museum and Art Gallery, and the Launceston City Park. These attractions offer residents cultural experiences, recreational activities, and opportunities for social engagement.

Blackstone Heights combines the tranquillity of suburban living with the convenience of nearby urban amenities, making it an attractive suburb for a diverse range of residents who appreciate a peaceful environment and easy access to Launceston's offerings. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live.

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