Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $310,000, Annual capital growth 3.27%, Number of sales 79, Weekly median advertised rent $340

Midway Point Unit: Median price $225,000, Annual capital growth -1.57%, Number of sales 21, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Midway Point, 7171 ranked 66th 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

The five-year average increase in median property values for Midway Point,7171 has given property investors a potential capital gain of 21.57% across each of those five years.

Property buyers and investors in Midway Point 7171 should be seeing an average reduction in asking price of around -4.93% . This means that Midway Point is holding prices well when compared to other suburbs in TAS.

Often selling an investment property can take time, and in Midway Point the average time real estate has been on the market is 60.91 days.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.70%, without taking into account capital value appreciation, which has been averaging out at 3.27%.

Investment property in Midway Point has done pretty 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 -3.43%

When looking at the potential capital gains offered to property investors over the last 3 years, Midway Point comes in at number 28th in TAS.

Our latest figures would indicate that property sellers in Midway Point are currently offering property investors an average price cut of -3.51% below the asking price at the moment.

Often selling an investment property can take time, and in Midway Point the average time real estate has been on the market is 70.25 days.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 6.70%, without taking into account capital value appreciation, which has been averaging out at -1.57%.

Metrics i HOUSE UNIT
$310,000 $225,000
-2.52% -2.17%
10.71% -3.43%
3.27% -1.57%
$340 $290
79 21
5.70% 6.70%
60.91 70.25

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (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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