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Battery Point
AREA REPORTS

Battery Point

Battery Point - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7004

house
unit

Property investors have seen a 11.63% gain in BATTERY POINT based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BATTERY POINT, 7004 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 28.21%.

Based on its average 5-year and quarterly capital gains BATTERY POINT, 7004 saw average growth in the long term.

The TAS suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,795,000

Profits averaged 19.13% per annum over a 3-year period, due to an upward trend in home prices in BATTERY POINT, 7004.

This means, real estate investors could earn a rental income of $640 based on current median home prices for the suburb.

The gross rental yield in BATTERY POINT, 7004 is 1.85%.

An average of 1.33 real estate transactions take place per month in BATTERY POINT which translates to 16 per annum.

Data report can be found below

Battery Point
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,795,000 $1,120,000
GROWTH REPORT
Median Quarterly 11.63% 1.82%
Median 12 month 28.21% 21.74%
Median 3 years 57.39% 122.89%
Median 5 years 90.96% 95.12%
10 years average annual 11.27% 12.28%
Weekly media advert. rent $640 $500
Time on Market 11.1 days 18.4 days
Gross Rental Yield Percent 1.85% 2.32%
demographics (median values)*
Total Population
7481
Weekly Household Income
1453
Household Size
2.20
Age
40
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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