TAS has seen average median house prices change by 11.42% which means that Midway Point, 7171 has done well for property investors by showing a capital gain of 19.37% over the last year
The five-year average increase in median property values for Midway Point,7171 has given property investors a potential capital gain of 29.91% across each of those five years.
Midway Point7171 is located in TAS which offers an average discount of -5.50% to property investors. Midway Point itself is showing figures that indicate -4.18% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 3.85%.
If you compare the increase in value of investment property in Midway Point, 7171 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 27.33%.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.04% offered to property buyers. Sellers in Midway Point itself are offering an average vendor discount of -2.01% to real estate investors.