At number 2555th in the list of Australian suburbs ordered by increase in median house value over the last year, Midway Point, 7171 is in the BOTTOM 40% with a property value increase of 2.52% recorded in median house prices.
A 10.31% growth in median value for property investors in Midway Point,7171 puts this suburb at number 26th in terms of best performing suburbs in TAS
Our latest figures would indicate that property sellers in Midway Point are currently offering property investors an average price cut of -5.69% below the asking price at the moment.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 2.54%, investors should hope to achieve an overall return of 5.80%
Over the last year, property investments in Midway Point, 7171 have given investors a capital gain of -5.64%. This compares very badly with the 3.60% for TAS as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Midway Point comes in at number 52th in TAS.
Our latest figures would indicate that property sellers in Midway Point are currently offering property investors an average price cut of -4.26% below the asking price at the moment.
At number 1136 in a list of fastest selling suburbs, Midway Point is in the bottom 30% of suburbs in Australia with an average of days on market 99.81 for properties listed there.
Situated 19.03km from the CBD, Midway Point is one of Sorell localities in the postcode 7171.