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Margate vs Punchbowl vs Blackmans Bay — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Margate

    TAS · 7054
    47Average
    Median
    $695k
    5y growth
    6.8%/yr
    BalancedStable entry point

  2. Punchbowl

    TAS · 7249
    44Below trend
    Median
    $565k
    5y growth
    6.3%/yr
    BalancedStable entry point

  3. Blackmans Bay

    TAS · 7052
    44Below trend
    Median
    $815k
    5y growth
    6.6%/yr
    BalancedStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Margate
Punchbowl
Blackmans Bay
Capital growth (5y)
weight 22%
686.8%/yr
636.3%/yr
666.6%/yr
Rental yield
weight 13%
603.0%
512.6%
512.6%
Rental demand
weight 10%
681.3%
551.8%
681.3%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
2323% under cap
3737% under cap
99% under cap
Supply tightening
weight 8%
70-4.0% YoY
60-2.0% YoY
70-4.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Margate

    2/8
    • Capital growth (5y)
    • Rental yield

  2. Punchbowl

    1/8
    • Affordability

  3. Blackmans Bay

    0/8

    No outright lead on any single dimension.

Why Margate

Stable entry point

listings tightening 4.0% YoY, 6.8%/yr capital growth.

Drivers
  • Supply tightening-4.0% YoY
  • Capital growth6.8%/yr
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 317.2 kmConstruction · 2026

Why Punchbowl

Stable entry point

6.3%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.3%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus5.4 kmRecently completed · 2024

Why Blackmans Bay

Stable but fully priced

listings tightening 4.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Capital growth6.6%/yr
Risks
  • At top of budget (91% of cap)
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 313.2 kmConstruction · 2026