If you compare the increase in value of investment property in Battery Point, 7004 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 5.65%.
Over the longer term, Battery Point has seen property prices show investors a 9.02% return over the last 3 years. This is worse than over the last 12 months
In the last year 19 properties changed hands in Battery Point, which puts it as the 135th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 4.21%, investors should hope to achieve an overall return of 3.31%
Investment property in Battery Point has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.71%
Taking the average capital gain, or increase in median house value, Battery Point,7004 has racked up an average of 15.71% over the period. This ranks it number 233th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Battery Point is $580000, with sellers offering an average of -4.50% off the asking price.
Situated 0.81km from the CBD, Battery Point is one of Hobart localities in the postcode 7004.