Over the last year, property investments in Battery Point, 7004 have given investors a capital gain of 9.29%. This compares favourably with the 3.12% for TAS as a whole.
Across a shorter period, Battery Point, 7004 has seen a median price increase of 7.42% over the last quarter.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 5.91%, investors should hope to achieve an overall return of 3.04%
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 26.96%
When looking at the potential capital gains offered to property investors over the last 3 years, Battery Point comes in at number 14th in TAS.
Sellers are offering property buyers an average discount of -2.97% to buyers in Battery Point at the moment, which is less than average for the rest of TAS.
With the median price for a house in Battery Point being $505000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.63%