Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $943,000, Annual capital growth 4.21%, Number of sales 19, Weekly median advertised rent $600

Battery Point Unit: Median price $580,000, Annual capital growth 4.81%, Number of sales 39, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$943,000 $580,000
-0.32% 3.11%
5.65% 15.71%
4.21% 4.81%
$600 $490
19 39
3.31% 4.39%
N/A 49.11

Source: CoreLogic

DSR Score for property investment : Very good (U), Above average (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
Chart Table
Recent sales & rentals