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.