36 Bluetongue Drive, Magra TAS 7140
36 Bluetongue Drive, Magra TAS 7140
New build | 560m² lot | 6 car spaces | Bushfire overlay | Fairview Primary zone
This house presents a competitively strong proposition as a modern, low-maintenance entry into a family-oriented subdivision, directly serving first-home buyers or investors seeking a turnkey solution. Its configuration edge lies in substantial secure parking and workshop space, rare at this price point, while the 2025 construction minimizes immediate capital expenditure. The property is positioned for reliable rental demand, evidenced by a calculated gross yield near 5.5%, and appeals to downsizers with its single-level design and modern inclusions.
Decision hinges on the bushfire overlay, which may incur ongoing compliance costs and insureability reviews, directly impacting holding costs. The sharp appreciation from its 2025 land sale price reflects new build premium, suggesting future gains will rely on general market movement. Acquire as a long-term hold for stable rental income; its lack of heritage constraints and modern fittings support a low-management holding strategy for a decade before refurbishment cycles begin.
Independent, Unbiased Research from our PropCred Analyst teamÂ
Market Insight:
Magra is a tightly held rural suburb experiencing exceptional capital growth, driven by family buyers seeking larger acreage properties within commuting distance of Hobart. This demand has compressed vacancy rates to extremely low levels, supporting strong rental yields. However, the market is characterised by very low sales volumes, and a recent sharp increase in listed stock suggests potential price sensitivity, indicating a market at a potential inflection point.