Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $312,900, Annual capital growth 2.83%, Number of sales 73, Weekly median advertised rent $340

Midway Point Unit: Median price $210,000, Annual capital growth -0.73%, Number of sales 15, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Midway Point, 7171 ranked 94th 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

Midway Point,7171 has offered an average of 6.07% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.77% offered to property buyers. Sellers in Midway Point itself are offering an average vendor discount of -4.83% to real estate investors.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Property value increases in Midway Point have tracked lower than the TAS average of 3.78% over the last 12 months.

Across a shorter period, Midway Point, 7171 has seen a median price increase of 11.55% over the last quarter.

Property buyers and investors in Midway Point 7171 should be seeing an average reduction in asking price of around -4.26% . This means that Midway Point is holding prices well when compared to other suburbs in TAS.

Advertised rents are around the $280 mark per week – giving a return of 6.93% based on the median price in Suburb

Metrics i HOUSE UNIT
$312,900 $210,000
4.30% 11.55%
6.07% -8.89%
2.83% -0.73%
$340 $280
73 15
5.65% 6.93%
69.1 92.58

Source: CoreLogic

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