Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $1,262,500, Annual capital growth 7.19%, Number of sales 15, Weekly median advertised rent $625

Battery Point Unit: Median price $616,250, Annual capital growth 5.62%, Number of sales 36, Weekly median advertised rent $510

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

Property value increases in Battery Point have tracked higher than the TAS average of 10.74% over the last 12 months.

Across a shorter period, Battery Point, 7004 has seen a median price increase of 1.00% over the last quarter.

On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.

Advertised rents are around the $625 mark per week – giving a return of 2.57% based on the median price in Suburb

Battery Point is in the bottom 30% in TAS when comparing median price capital growth over the last year. Battery Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.36%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Battery Point has increased when compared to the 5 year average annual rate.

Advertised rents are around the $510 mark per week – giving a return of 4.30% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,262,500 $616,250
1.00% -3.71%
33.88% 4.36%
7.19% 5.62%
$625 $510
15 36
2.57% 4.30%
N/A 25.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 2096
Median household income ($/weekly) 1376
Median age of persons 41
Median housing loan repayment ($/monthly) 1400
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 284 13.5
    25-34 years 346 16.5
    45-54 years 229 10.9
    55-64 years 346 16.5
    65-74 years 235 11.2
    Others 656 31.3
    Age Group
    Census Count Percent(%)
    Not Married 784 48.4
    Registered Married 637 39.3
    Defacto Relationship 199 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1508 77.2
    Indonesia 36 1.8
    Papua New Guinea 23 1.2
    United Kingdom 136 7.0
    Other 61 3.1
    Others 189 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 2.1
    Christianity 896 48.6
    Hinduism 28 1.5
    Islam 31 1.7
    No Religion 830 45.1
    Others 19 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 92 11.0
    $1,000-$1,249 74 8.9
    $1,250-$1,499 68 8.1
    $1,500-$1,999 109 13.1
    $2,500-$2,999 103 12.3
    Others 389 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 639 36.4
    Not in the labour force 580 33.1
    Employed, worked part-time 406 23.1
    Employed, away from work 71 4.0
    Unemployed, looking for work 58 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 13.9
    Professionals 472 42.1
    Community & personal service workers 133 11.9
    Clerical & administrative workers 156 13.9
    Sales 75 6.7
    Others 128 11.4
    Occupation
    Census Count Percent(%)
    Pre-school 16 3.5
    Infants/Primary 87 19.1
    Secondary 59 12.9
    Technical or Further Educational Institution 34 7.5
    University or other Tertiary Institutions 244 53.5
    Others 16 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 810 43.4
    Flat, unit or apartment 584 31.3
    Semi-detached, row or terrace house, townhouse 450 24.1
    House or flat attached to a shop, office 21 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 449 49.7
    Fully owned 293 32.4
    Being purchased 157 17.4
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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