Blackmans Bay
Blackmans Bay, located in the picturesque southern suburbs of Hobart, Tasmania, has remained resilient amidst broader market trends. The suburb is highly sought-after due to its stunning natural surroundings, family-friendly atmosphere, and proximity to both the city and the coast. Blackmans Bay offers a desirable mix of beachside living, excellent schools, and easy access to essential services, making it ideal for families, retirees, and professionals alike. Its scenic beauty, with beautiful beaches, nature reserves, and walking tracks, continues to attract those seeking a tranquil lifestyle. The suburb also boasts a close-knit, welcoming community that appeals to both first-time buyers and those seeking a change of pace.
​
The ongoing demand for properties in Blackmans Bay, combined with its limited housing stock, has helped maintain stable prices even as other regions of Tasmania experience market corrections. With its unique combination of location, natural beauty, and community appeal, Blackmans Bay remains a standout suburb in the greater Hobart area.
Blackmans Bay's Purchasing Demographic
Blackmans Bay attracts a diverse range of homebuyers, with its purchasing demographic largely consisting of families, professionals, and retirees. The suburb’s proximity to Hobart makes it a popular choice for those seeking a peaceful coastal lifestyle while still being close to the city’s amenities. Young families are drawn to its excellent schools, parks, and safe environment, while professionals appreciate the easy commute and access to the city’s business hubs. Retirees also find Blackmans Bay appealing due to its relaxed atmosphere, beautiful surroundings, and community feel. Overall, the suburb’s blend of natural beauty, convenience, and family-friendly appeal continues to attract a broad spectrum of buyers.
Blackmans Bay's
Market Trend
According to data from the Real Estate Institute of Tasmania (REIT), the median house price in Blackmans Bay has shown significant growth over recent years. In 2021, the median house price in Blackmans Bay was $640,000. However, in 2022, the price surged to $837,000, mirroring the broader trend observed across Tasmania during the pandemic period, where increased demand for housing and low interest rates contributed to rising prices.
​
While many other areas of Tasmania have experienced an average price decrease of approximately 15% following the pandemic surge, Blackmans Bay has shown remarkable stability. In 2023 the median house price decreased 1.43% to $825,000. Unlike other markets, which have seen considerable drops, Blackmans Bay has experienced only a small dip in prices from their peak in 2022. As of March 2025, the median house price in Blackmans Bay has risen further to $865,000. This demonstrates the suburb's resilience and ongoing appeal to homebuyers, even in a shifting economic environment.
Blackmans Bay is a standout suburb in Tasmania’s property landscape. While the broader market may be experiencing fluctuations, Blackmans Bay’s market resilience and consistent demand suggest it will remain one of the most desirable places to live in the greater Hobart area. With its excellent location, community atmosphere, and enduring charm, Blackmans Bay is primed to continue its positive growth trajectory.
