Property investors have seen a -3.08% drop in BATTERY POINT based on a decrease in median home prices for the past three months.
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 $943,000
Profits averaged 2.39% 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 $637.5 based on current median home prices for the suburb.
The gross rental yield in BATTERY POINT, 7004 is 3.52%.
An average of 1.67 real estate transactions take place per month in BATTERY POINT which translates to 20 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.99%||27.27%|
|Median 3 years||7.16%||25.29%|
|Median 5 years||32.17%||51.14%|
|10 years average annual||4.09%||6.09%|
|Weekly media advert. rent||$637.5||$480|
|Time on Market||0.0 days||47.8 days|
|Gross Rental Yield Percent||3.52%||3.75%|