Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $973,000, Annual capital growth 5.91%, Number of sales 20, Weekly median advertised rent $575

Battery Point Unit: Median price $538,000, Annual capital growth 5.14%, Number of sales 41, Weekly median advertised rent $495

  • 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 5.57% which means that Battery Point, 7004 has done well for property investors by showing a capital gain of 12.88% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Battery Point has increased when compared to the 5 year average annual rate.

A $575 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 5.91%.

Investment property in Battery Point has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.46%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Battery Point has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Battery Point should be aiming for at least -3.91% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

Renters in Suburb are facing rents around $5940 per annum or $495 every week.

Metrics i HOUSE UNIT
$973,000 $538,000
2.85% -6.76%
12.88% 3.46%
5.91% 5.14%
$575 $495
20 41
3.07% 4.78%
N/A 43.28

Source: CoreLogic

DSR Score for property investment : Above average (H), Excellent (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
Chart Table
Recent sales & rentals