TAS has seen average median house prices change by 18.88% which means that Battery Point, 7004 has done well for property investors by showing a capital gain of -11.26% over the last year
Taking the average capital gain, or increase in median house value, Battery Point,7004 has racked up an average of -11.26% over the period. This ranks it number 1153th in the whole country for real estate investors looking at median house price increases.
Situated 1.00km from the CBD, Battery Point is one of Hobart (C) localities in the postcode 7004.
Property investors who have had real estate in Battery Point, 7004 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.14%
Battery Point,7004 was ranked 1729 in Australia by increase in median property value over the quarter.
Often selling an investment property can take time, and in Battery Point the average time real estate has been on the market is 37.5556 days.
Battery Point is 60th on a list of best yielding suburbs for rents in TAS with a 2.74% return
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Hobart suburb with high prices
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.