AREA REPORTS

Midway Point

Suburb Profile

Midway Point - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7171

house
unit

A 18.89% increase in median property prices in MIDWAY POINT, 7171 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 45th.

A steady increase in median property prices over a five-year period in the suburb translates to a 25.04% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $372,000

The augmented property values in the suburb are trailing above the territorial average of 10.51% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $380.

Home owners selling their properties and realtors in MIDWAY POINT usually have to wait an average of 34.9 days days before their assets are lifted off the market.

The TAS suburb ranks 54th on the list of best yielding suburbs for rental properties in TAS, posting a 5.31% return.

It also places places 49th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $372,000 $290,000
GROWTH REPORT
Median Quarterly 4.42% 11.97%
Median 12 month 18.89% 28.89%
Median 3 years 25.04% N/A
Median 5 years 29.39% N/A
10 years average annual 3.8% 4.52%
Weekly media advert. rent $380 $320
Time on Market 34.9 days 66.9 days
Gross Rental Yield Percent 5.31% 5.74%
demographics (median values)
Total Population
2245
Weekly Household Income
865.1
Household Size
2.40
demographics
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