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Battery Point

POSTAL CODE: TAS, 7004
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Property investors have seen a 23.33% 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 32.14%.

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 $1,850,000

Profits averaged 4.33% 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 $675 based on current median home prices for the suburb.

The gross rental yield in BATTERY POINT, 7004 is 1.9%.

An average of 1.83 real estate transactions take place per month in BATTERY POINT which translates to 22 per annum.

Surburb overview

Battery Point, with the postcode 7004, is a historic suburb located just 1 kilometre south of Hobart's central business district in Tasmania. Known for its charming streetscapes and colonial-era architecture, Battery Point is a sought-after residential area that blends heritage with modern living. The population of Battery Point is approximately 2,000, comprising a mix of professionals, families, and retirees, as well as a notable number of young adults and students due to its proximity to educational institutions.

Governed by the local government area of the City of Hobart, Battery Point enjoys well-maintained infrastructure and community services. Public transportation is readily available, with Metro Tasmania buses providing frequent services to Hobart's CBD and surrounding suburbs, making commuting convenient for residents.

Battery Point is home to several heritage-listed sites and landmarks. The suburb's educational facilities include Albuera Street Primary School, located nearby in Sandy Bay, and easy access to secondary education at The Hutchins School and St Michael's Collegiate School in Sandy Bay. The University of Tasmania’s Sandy Bay campus is also within close proximity, attracting students to the area.

For shopping and dining, residents can explore the vibrant Salamanca Place, which features a variety of boutiques, cafes, restaurants, and the famous Salamanca Market held every Saturday. Additionally, the nearby Hobart CBD offers a comprehensive range of retail stores, supermarkets, and entertainment options.

Recreational activities in Battery Point are plentiful, with several parks and open spaces enhancing the suburb's appeal. Arthur Circus Park is a popular spot for families and outdoor gatherings, while the Battery Point Sculpture Trail provides a scenic walk along the waterfront, showcasing art installations and historical points of interest. The nearby Princes Park offers further green space for relaxation and recreation.

Battery Point’s waterfront location allows for various water-based activities such as kayaking and sailing, with the Royal Yacht Club of Tasmania and the Derwent Sailing Squadron located in nearby Sandy Bay. Residents also enjoy easy access to cultural and recreational attractions in Hobart, including the Tasmanian Museum and Art Gallery, the Royal Tasmanian Botanical Gardens, and the bustling waterfront area.

Battery Point combines historical charm with modern conveniences, making it a highly desirable suburb for a diverse range of residents who appreciate its unique character, community atmosphere, and proximity to Hobart’s amenities.

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