Over the last year, property investments in Midway Point, 7171 have given investors a capital gain of 10.66%. This compares averagely with the 10.23% for TAS as a whole.
While Midway Point,7171 ranked number 87th in TAS for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.
Our latest figures would indicate that property sellers in Midway Point are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
In the last year 76 properties changed hands in Midway Point, which puts it as the 33th most active market in TAS when comparing the number of sales per suburb.
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 12.83%.
Property investors looking for a bargain in Midway Point should be aiming for at least -1.74% off the asking price, which is the average vendor discount being achieved at the moment.
At number 628 in a list of fastest selling suburbs, Midway Point is just in the top half of suburbs in Australia with an average of days on market 65 for properties listed there.