Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $280,000, Annual capital growth 1.87%, Number of sales 68, Weekly median advertised rent $340

Midway Point Unit: Median price $195,000, Annual capital growth 0.80%, Number of sales 15, Weekly median advertised rent $283

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Midway Point has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.08%

Midway Point,7171 was ranked 2486 in Australia by increase in median property value over the quarter.

Midway Point, 7171 is offering TAS ‘s 118th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.

At number 1639 in a list of fastest selling suburbs, Midway Point is just in the top half of suburbs in Australia with an average of days on market 76.09 for properties listed there.

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 .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Midway Point has fallen somewhat when compared to the 5 year average annual rate.

Advertised rents are around the $282.5 mark per week – giving a return of 7.53% based on the median price in Suburb

HOUSE UNIT
$280,000 $195,000
0.00% -16.31%
-5.08% -15.86%
1.87% 0.80%
$340 $283
68 15
6.31% 7.53%
76.09 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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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
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Recent sales & rentals