Bells Parade vs Blackmans Bay
Property investment comparison - Bells Parade, TAS 7307 vs Blackmans Bay, TAS 7052
Head-to-head across core investment metrics: Bells Parade wins 5, Blackmans Bay wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Bells Parade | Blackmans Bay |
|---|---|---|
| Median house price | $895K | $905K |
| Median unit price | $590K | $670K |
| Gross rental yield (houses) | 3.91% | 3.70% |
| Gross rental yield (units) | 4.63% | 4.49% |
| 1-year house growth | - | +6.0% |
| 3-year house growth | - | +1.2% |
| Vacancy rate | 0.8% | 1.2% |
| Population | 11,849 | 7,688 |
Bells Parade vs Blackmans Bay: what the numbers say
The median house price is $895K in Bells Parade and $905K in Blackmans Bay, so Bells Parade is the cheaper entry point, with Blackmans Bay houses about 1% dearer.
For units, Bells Parade sits at a median of $590K against $670K in Blackmans Bay, which makes Bells Parade the more affordable unit market and Blackmans Bay the pricier one.
On cash flow, Bells Parade leads: houses there return a gross rental yield of 3.91%, compared with 3.70% in Blackmans Bay, a gap of 0.21 percentage points.
Rental vacancy is 0.8% in Bells Parade and 1.2% in Blackmans Bay, so landlords in Bells Parade face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bells Parade is the bigger suburb, with a population of 11,849 against 7,688, larger than Blackmans Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bells Parade for rental income, Bells Parade for a lower purchase price, Bells Parade for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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