Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityBLACKMANS BAY

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Blackmans Bay is a charming seaside suburb south of Hobart, known for its beautiful beaches, boutique cafes, and family-friendly atmosphere. This suburb offers a mix of contemporary housing and traditional cottages, suitable for all lifestyles and budgets. Whether you’re seeking a peaceful seaside retreat or a vibrant community, Blackmans Bay has something to offer. Find your seaside dream with Nest Property.

Blackmans Bay property market

Blackmans Bay, a picturesque coastal suburb just south of Hobart, continues to appeal to families, retirees, and lifestyle-seekers with its stunning beaches, relaxed atmosphere, and proximity to schools and services. In the past month, the suburb saw 18 rental listings and 34 properties listed for sale, indicating a moderately active market with opportunities for both tenants and buyers.

Over the past year, median property prices in Blackmans Bay have varied by property type. Houses currently have a median value of around $847,500, while units sit at a more accessible $620,000. These prices reflect the suburb’s strong lifestyle appeal and continued popularity among owner-occupiers looking for a peaceful yet well-connected place to live.

For property investors, Blackmans Bay offers steady rental returns. Houses are renting for approximately $605 per week, which equates to a gross rental yield of 3.8% per annum. Units are slightly more attractive from an income perspective, renting for around $495 per week and achieving a gross rental yield of 4.4%. These figures suggest a consistent demand for rental properties in the area, particularly for well-maintained homes near the coast or local amenities.

When it comes to capital growth, the market has experienced mixed performance over the past year. House prices have declined, with a compound annual growth rate (CAGR) of -4.8%, indicating a softening after previous strong growth periods. Units, however, have performed more positively, recording a CAGR of 2.2%, which highlights greater stability in the more affordable segment of the market.

Overall, Blackmans Bay remains a highly desirable suburb for both living and investing, offering a relaxed coastal lifestyle just 20 minutes from central Hobart. While recent house price trends suggest a short-term market correction, the suburb’s underlying appeal, combined with solid rental demand and ongoing infrastructure improvements, positions it well for long-term resilience and growth.

Market trends

View median property prices* in Blackmans Bay to get a better understanding of local market trends.

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*Data based on sales within the 12 months to July 2025.

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