Investment property in Midway Point has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.14%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Midway Point has increased when compared to the 5 year average annual rate.
Property buyers and investors in Midway Point 7171 should be seeing an average reduction in asking price of around -4.53% . This means that Midway Point is holding prices well when compared to other suburbs in TAS.
With the median price for a house in Midway Point being $380000 and the advertised rent reaching $397.5 the gross rental yield for property investors calculates out to be 5.44%
Midway Point, 7171 ranked 10th in TAS when comparing growth in median property values or capital gain over the last 12 months. Midway Point is one of 606 in our list for TAS
When looking at the potential capital gains offered to property investors over the last 3 years, Midway Point comes in at number 19th in TAS.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 7.52%.