Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $308,000, Annual capital growth 2.73%, Number of sales 67, Weekly median advertised rent $320

Midway Point Unit: Median price $195,000, Annual capital growth 3.54%, Number of sales 14, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 4.95% which means that Midway Point, 7171 has done well for property investors by showing a capital gain of 3.53% over the last year

Comparing Midway Point,7171 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Midway Point is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 120th in terms of most discounted suburbs in TAS

Midway Point has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -15.86% to date .

If we look at median property appreciation over just the last three months, Midway Point has given property investors a paper return of -11.46%. This puts Suburb as 51 on a list of fastest fasting appreciating suburbs in TAS

Midway Point7171 is located in TAS which offers an average discount of -5.71% to property investors. Midway Point itself is showing figures that indicate -3.31% is the average achievable by property buyers investing in the suburb.

In the last year 14 properties changed hands in Midway Point, which puts it as the 40th most active market in TAS when comparing the number of sales per suburb.

Advertised rents are around the $280 mark per week – giving a return of 7.47% based on the median price in Suburb

Metrics i HOUSE UNIT
$308,000 $195,000
10.00% -11.46%
3.53% -15.86%
2.73% 3.54%
$320 $280
67 14
5.40% 7.47%
59.27 105.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Midway Point TAS
Demographics
Total population 2599
Median household income ($/weekly) 1053
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 301 11.6
    25-34 years 401 15.4
    35-44 years 343 13.2
    45-54 years 334 12.9
    55-64 years 312 12.0
    Others 908 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 902 46.7
    Not Married 763 39.5
    Defacto Relationship 267 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2239 90.0
    Greece 14 0.6
    Papua New Guinea 29 1.2
    United Kingdom 124 5.0
    Other 16 0.6
    Others 66 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.3
    Christianity 1597 68.0
    Hinduism 3 0.1
    Islam 4 0.2
    No Religion 737 31.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 118 12.2
    $600-$799 112 11.6
    $800-$999 113 11.7
    $1,000-$1,249 109 11.3
    $1,500-$1,999 146 15.1
    Others 369 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 782 39.0
    Not in the labour force 690 34.4
    Employed, worked part-time 373 18.6
    Employed, away from work 85 4.2
    Unemployed, looking for work 75 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 179 14.4
    Technicians & trades workers 203 16.4
    Community & personal service workers 167 13.5
    Clerical & administrative workers 228 18.4
    Sales 131 10.6
    Others 333 26.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 200 40.3
    Secondary 138 27.8
    Technical or Further Educational Institution 62 12.5
    University or other Tertiary Institutions 52 10.5
    Other type of educational institution 27 5.4
    Others 17 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2372 94.9
    Semi-detached, row or terrace house, townhouse 109 4.4
    Flat, unit or apartment 16 0.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 473 46.3
    Fully owned 307 30.0
    Rented 242 23.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals