With a capital gain of 31.58% for the last 12 months, Battery Point, 7004 has performed for property investments than its average annual 0.82% property growth over the last 5 years.
Battery Point,7004 has offered an average of 31.58% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Battery Point is offering property investors an average of -2.27. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in TAS
Battery Point is 4th on a list of best yielding suburbs for rents in TAS with a 6.45% return
If you compare the increase in value of investment property in Battery Point, 7004 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 18.06%.
Over the longer term, Battery Point has seen property prices show investors a -1.13% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Battery Point, 7004. Typically our figures indicate that -5.06% is being offered, which puts this TAS suburb at 271th most discounted overall in Australia.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
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Information supplied by:
April 2019
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Hobart suburb with high prices
Postcode: 7004
Median unit price: $520,000
Three-year growth: -9.4%
Rental yield: 5.0%
The suburb of Battery Point sits on the edge of Hobart’s city centre, and is the oldest suburb in the metro. It is known as the birthplace of Errol Flynn.
Battery Point’s colonial history is highlighted through its streets in the local cottages and cafes. Now one of the prime suburbs in Hobart, Battery Point was once were many guns were kept to protect the capital. The Battery Point Sculpture Trail tells the suburb’s story in rich visual detail through the nine sculptures scattered throughout. Some of the finest cafes in Hobart can be found along Hampden Street. And of course, one can’t miss Salamanca Place, which highlights the best of local art and culture.
While Hobart is generally known for its affordability, demand in Battery Point over recent years caused unit prices in this suburb to hit a median of over $500,000.