Over the last year, property investments in Battery Point, 7004 have given investors a capital gain of 24.21%. This compares very favourably with the 3.08% for TAS as a whole.
Battery Point,7004 was ranked 187 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Advertised rents are around the $520 mark per week – giving a return of 2.60% based on the median price in Suburb
At number 1547th in the list of Australian suburbs ordered by increase in median house value over the last year, Battery Point, 7004 is in the BOTTOM 20% with a property value increase of -8.44% recorded in median house prices.
While Battery Point,7004 ranked number 49th in TAS for increase in median house value (annualised) increase, it is ranked 9th over the last 5 years.
Property investors looking for a bargain in Battery Point should be aiming for at least -2.77% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $470 weekly from the median priced house in this suburb.