Suburb Profile Report for Midway Point TAS (7171)

Midway Point House: Median price $373,500, Annual capital growth 3.85%, Number of sales 65, Weekly median advertised rent $380

Midway Point Unit: Median price $286,500, Annual capital growth 4.21%, Number of sales 24, Weekly median advertised rent $320

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

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.

Metrics i HOUSE UNIT
$373,500 $286,500
4.48% 10.62%
19.37% 27.33%
3.85% 4.21%
$380 $320
65 24
5.29% 5.81%
36.77 67.61

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 2599
Median household income ($/weekly) 1053
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 301 11.6
    25-34 years 401 15.4
    35-44 years 343 13.2
    45-54 years 334 12.9
    55-64 years 312 12.0
    Others 908 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 902 46.7
    Not Married 763 39.5
    Defacto Relationship 267 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2239 90.0
    Greece 14 0.6
    Papua New Guinea 29 1.2
    United Kingdom 124 5.0
    Other 16 0.6
    Others 66 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.3
    Christianity 1597 68.0
    Hinduism 3 0.1
    Islam 4 0.2
    No Religion 737 31.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 118 12.2
    $600-$799 112 11.6
    $800-$999 113 11.7
    $1,000-$1,249 109 11.3
    $1,500-$1,999 146 15.1
    Others 369 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 782 39.0
    Not in the labour force 690 34.4
    Employed, worked part-time 373 18.6
    Employed, away from work 85 4.2
    Unemployed, looking for work 75 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 179 14.4
    Technicians & trades workers 203 16.4
    Community & personal service workers 167 13.5
    Clerical & administrative workers 228 18.4
    Sales 131 10.6
    Others 333 26.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 200 40.3
    Secondary 138 27.8
    Technical or Further Educational Institution 62 12.5
    University or other Tertiary Institutions 52 10.5
    Other type of educational institution 27 5.4
    Others 17 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2372 94.9
    Semi-detached, row or terrace house, townhouse 109 4.4
    Flat, unit or apartment 16 0.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 473 46.3
    Fully owned 307 30.0
    Rented 242 23.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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