Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $939,500, Annual capital growth 6.03%, Number of sales 16, Weekly median advertised rent $550

Battery Point Unit: Median price $574,000, Annual capital growth 4.48%, Number of sales 39, Weekly median advertised rent $478

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 3.72% which means that Battery Point, 7004 has done well for property investors by showing a capital gain of 4.24% over the last year

Battery Point,7004 was ranked 3292 in Australia by increase in median property value over the quarter.

With the median price for a house in Battery Point being $939500 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.04%

Property investors who have had real estate in Battery Point, 7004 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.86%

Taking the average capital gain, or increase in median house value, Battery Point,7004 has racked up an average of 9.86% over the period. This ranks it number 499th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Battery Point should be aiming for at least -3.92% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Battery Point have been waiting around 29.19 days to sell a property.

Property investors should expect to get $477.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$939,500 $574,000
-2.01% 10.38%
4.24% 9.86%
6.03% 4.48%
$550 $478
16 39
3.04% 4.33%
N/A 29.19

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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