Battery Point is in the bottom 30% in TAS when comparing median price capital growth over the last year. Battery Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.13%.
While Battery Point,7004 ranked number 129th in TAS for increase in median house value (annualised) increase, it is ranked 14th over the last 5 years.
With the median price for a house in Battery Point being $943000 and the advertised rent reaching $607.5 the gross rental yield for property investors calculates out to be 3.35%
Battery Point has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.54% to date .
If we look at median property appreciation over just the last three months, Battery Point has given property investors a paper return of -0.17%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Battery Point is $580000, with sellers offering an average of -5.26% off the asking price.
Advertised rents are around the $475 mark per week – giving a return of 4.26% based on the median price in Suburb