1/46 Blackwood Parade, Romaine TAS 7320
1/46 Blackwood Parade, Romaine TAS 7320
Compact 2-bed unit | Family-friendly Romaine | School and shopping nearby | First-home and downsizer appeal | Bushfire overlay to review
A compact two-bedroom unit configuration is considered uncommon in Romaine, where the housing stock is dominated by detached three-bedroom brick homes. The property is positioned as a more accessible entry point into a family-oriented suburb with established infrastructure. Convenience is regarded as a strength, with schools, reserves, and the Upper Burnie shopping precinct within easy reach. First home buyers, downsizers, and investors are best served by this low-maintenance footprint. Affordability and ease of upkeep are prioritised over space, a practical trade-off in a stable residential market.
The dwelling’s age and presentation may influence value, with older brick stock often trading below refreshed interiors. Market momentum might support demand, but the compact format may limit capital growth versus detached homes. Rental yield may suit investors though appearing modest relative to purchase price. Insurance premiums may be affected by a bushfire overlay in parts of the suburb.
>> Comparable Sales: 54 Manuka Drive sold at $555,000 | Property Price Band: $350k-$450k | Value Drivers: condition, layout, location convenience
Detailed Independent Property Report prepared by PropCred Analyst team for 1/46 Blackwood Parade, Romaine TAS 7320
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Romaine, in regional Tasmania, is a tightly held market with only 27 house sales over the past year, transacting in roughly 20–27 days. Demand is being driven by buyers seeking space, lifestyle, and relative affordability versus mainland capitals, with regional Tasmania posting the nation’s strongest monthly price growth in December 2025, up 0.9%. Median house price sits around $555,000–$556,000, though annual growth readings range from 7.1% to 18.1% depending on source; an alternate valuation places median value at $440,077. Gross rental yields are 4.85% for houses and 5.17% for units, with median weekly rents of $420 and $350 respectively. Future supply remains constrained: Tasmanian dwelling approvals fell 2.5% year-on-year, missing National Housing Accord requirements, while the federal 5% deposit scheme may intensify competition at the affordable end.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
453m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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