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