Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $302,500, Annual capital growth 2.57%, Number of sales 69, Weekly median advertised rent $320

Midway Point Unit: Median price $195,000, Annual capital growth 0.44%, Number of sales 12, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Midway Point is an average performer in TAS when comparing median price capital growth over the last year. Midway Point gave property investors a average capital gain figure when compared to the rest of the state, with 2.89%.

Over the longer term, Midway Point has seen property prices show investors a 5.22% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Midway Point are currently offering property investors an average price cut of -5.25% below the asking price at the moment.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

Midway Point, 7171 ranked 53th in TAS when comparing growth in median property values or capital gain over the last 12 months. Midway Point is one of 606 in our list for TAS

Taking the average capital gain, or increase in median house value, Midway Point,7171 has racked up an average of -16.31% over the period. This ranks it number 1705th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

With the median price for a house in Midway Point being $195000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 7.47%

HOUSE UNIT
$302,500 $195,000
8.04% -15.40%
2.89% -16.31%
2.57% 0.44%
$320 $280
69 12
5.50% 7.47%
66.35 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
Chart Table
Recent sales & rentals