The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
Property investors have seen a -11.62% drop in BATTERY POINT based on a decrease 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 18.59%.
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 $1,008,000
Profits averaged 3.59% 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 $600 based on current median home prices for the suburb.
The gross rental yield in BATTERY POINT, 7004 is 3.1%.
An average of 1.92 real estate transactions take place per month in BATTERY POINT which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,008,000 | $603,750 |
| GROWTH REPORT | ||
| Median Quarterly | -11.62% | -7.12% |
| Median 12 month | 18.59% | -17.41% |
| Median 3 years | 10.77% | 2.33% |
| Median 5 years | 9.57% | 31.25% |
| 10 years average annual | 4.97% | 9.62% |
| Weekly media advert. rent | $600 | $500 |
| Time on Market | 14.7 days | 20.0 days |
| Gross Rental Yield Percent | 3.1% | 4.31% |
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