Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $946,000, Annual capital growth 5.61%, Number of sales 18, Weekly median advertised rent $575

Battery Point Unit: Median price $562,500, Annual capital growth 5.63%, Number of sales 38, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Battery Point, 7004 ranked 87th in TAS when comparing growth in median property values or capital gain over the last 12 months. Battery Point is one of 606 in our list for TAS

Battery Point,7004 has offered an average of 4.96% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $6900 per annum or $575 every week.

At number 556th in the list of Australian suburbs ordered by increase in median house value over the last year, Battery Point, 7004 is in the top 40% with a property value increase of 7.14% recorded in median house prices.

Comparing Battery Point,7004 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Battery Point is giving property investors an average Vendor Discount of around -4.12%. This puts suburb at number 35th in TAS when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Battery Point the average time real estate has been on the market is 29.7 days.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.63%, investors should hope to achieve an overall return of 4.53%

Metrics i HOUSE UNIT
$946,000 $562,500
-17.74% 7.66%
4.96% 7.14%
5.61% 5.63%
$575 $490
18 38
3.16% 4.53%
N/A 29.7

Source: CoreLogic

DSR Score for property investment : Very good (U), Balanced (H)
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Demographics
Total population 2096
Median household income ($/weekly) 1376
Median age of persons 41
Median housing loan repayment ($/monthly) 1400
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 284 13.5
    25-34 years 346 16.5
    45-54 years 229 10.9
    55-64 years 346 16.5
    65-74 years 235 11.2
    Others 656 31.3
    Age Group
    Census Count Percent(%)
    Not Married 784 48.4
    Registered Married 637 39.3
    Defacto Relationship 199 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1508 77.2
    Indonesia 36 1.8
    Papua New Guinea 23 1.2
    United Kingdom 136 7.0
    Other 61 3.1
    Others 189 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 2.1
    Christianity 896 48.6
    Hinduism 28 1.5
    Islam 31 1.7
    No Religion 830 45.1
    Others 19 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 92 11.0
    $1,000-$1,249 74 8.9
    $1,250-$1,499 68 8.1
    $1,500-$1,999 109 13.1
    $2,500-$2,999 103 12.3
    Others 389 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 639 36.4
    Not in the labour force 580 33.1
    Employed, worked part-time 406 23.1
    Employed, away from work 71 4.0
    Unemployed, looking for work 58 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 13.9
    Professionals 472 42.1
    Community & personal service workers 133 11.9
    Clerical & administrative workers 156 13.9
    Sales 75 6.7
    Others 128 11.4
    Occupation
    Census Count Percent(%)
    Pre-school 16 3.5
    Infants/Primary 87 19.1
    Secondary 59 12.9
    Technical or Further Educational Institution 34 7.5
    University or other Tertiary Institutions 244 53.5
    Others 16 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 810 43.4
    Flat, unit or apartment 584 31.3
    Semi-detached, row or terrace house, townhouse 450 24.1
    House or flat attached to a shop, office 21 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 449 49.7
    Fully owned 293 32.4
    Being purchased 157 17.4
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals