Suburb Profile Report for Battery Point TAS (7004)

Battery Point House: Median price $1,008,000, Annual capital growth 4.78%, Number of sales 27, Weekly median advertised rent $650

Battery Point Unit: Median price $593,750, Annual capital growth 9.68%, Number of sales 41, Weekly median advertised rent $500

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

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Battery Point, 7004 ranked 26th in TAS when comparing growth in median property values or capital gain over the last 12 months. Battery Point is one of 606 in our list for TAS

The five-year average increase in median property values for Battery Point,7004 has given property investors a potential capital gain of 18.26% across each of those five years.

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 -15.27% is being offered, which puts this TAS suburb at 198th most discounted overall in Australia.

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

Situated 0.92km from the CBD, Battery Point is one of Hobart (C) localities in the postcode 7004.

At number 1107th in the list of Australian suburbs ordered by increase in median house value over the last year, Battery Point, 7004 is in the BOTTOM 40% with a property value increase of -3.70% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Battery Point,7004 has racked up an average of -3.70% over the period. This ranks it number 808th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Battery Point should be aiming for at least -7.54% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,008,000 $593,750
-13.48% -8.65%
18.59% -22.89%
4.78% 9.68%
$650 $500
27 41
3.35% 4.38%
19.6 24.321428

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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