Over the last year, property investments in Battery Point, 7004 have given investors a capital gain of 0.67%. This compares badly with the 9.40% for TAS as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Battery Point comes in at number 55th in TAS.
With the median price for a house in Battery Point being $973000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.47%
At number 73th in the list of Australian suburbs ordered by increase in median house value over the last year, Battery Point, 7004 is in the top 10% with a property value increase of 26.29% recorded in median house prices.
Across a shorter period, Battery Point, 7004 has seen a median price increase of 1.67% over the last quarter.
Property buyers and investors in Battery Point 7004 should be seeing an average reduction in asking price of around -3.45% . This means that Battery Point is holding prices well when compared to other suburbs in TAS.
At number 358 in a list of fastest selling suburbs, Battery Point is in the TOP 30% of suburbs in Australia with an average of days on market 51.15 for properties listed there.
Battery Point, 7004’s gross rental yield is 3.84%