At number 993th in the list of Australian suburbs ordered by increase in median house value over the last year, Midway Point, 7171 is in the top 30% with a property value increase of 14.15% recorded in median house prices.
The five-year average increase in median property values for Midway Point,7171 has given property investors a potential capital gain of 20.58% across each of those five years.
The most recent median price for Midway Point is $310500, with sellers offering an average of -5.11% off the asking price.
Often selling an investment property can take time, and in Midway Point the average time real estate has been on the market is 64.89 days.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.48%, investors should hope to achieve an overall return of 5.69%
Over the last year, property investments in Midway Point, 7171 have given investors a capital gain of -8.72%. This compares very badly with the 5.89% for TAS as a whole.
Comparing Midway Point,7171 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Midway Point7171 is located in TAS which offers an average discount of -5.05% to property investors. Midway Point itself is showing figures that indicate -2.78% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of -15.59%, investors should hope to achieve an overall return of 6.70%