BLACKSTONE HEIGHTS, 7250 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in TAS have risen as a whole, pulling BLACKSTONE HEIGHTS, 7250 values up and netting property investors a capital gain of 10.71% for the past year.
Investors saw the median home price rise to $455,000.
Profits due to an upward trend in home prices in the suburb averaged 1.69% per annum over a 3-year period.
BLACKSTONE HEIGHTS now ranks at the 46th 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 high, as opposed to average gains per annum over the past five years.
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 78.1 days.
In 2016, 20 properties were sold in BLACKSTONE HEIGHTS during the past year, making it the 119th most active market in TAS based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.71%||N/A|
|Median 3 years||5.08%||N/A|
|Median 5 years||16.67%||N/A|
|10 years average annual||2.75%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||78.1 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|