Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $958,750, Annual capital growth 5.91%, Number of sales 16, Weekly median advertised rent $560

Battery Point Unit: Median price $505,000, Annual capital growth 3.13%, Number of sales 39, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$958,750 $505,000
7.42% 2.23%
9.29% 26.96%
5.91% 3.13%
$560 $450
16 39
3.04% 4.63%
N/A 32.05

Source: CoreLogic

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