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Midway Point, TAS 7171

Home » TAS Real Estate Data » Sorell Council, TAS » Midway Point, TAS 7171

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Midway Point, TAS 7171 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Midway Point, TAS 7171”

  1. The total adult population (15 years or older) of Midway Point 7171 TAS is 2,764, with a median age of 38. Of those, 43.42% are married, 15.34% are divorced or separated, 36.58% are single and 4.78% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,248. The median monthly mortgage repayment for households in this suburb is $1,404 which is 19.37% of their earnings.

    Source: ABS Census Data (2021)

  2. At the heart of TAS is the suburb of MIDWAY POINT 7171 which is home to an estimated 1589 households. In Q3 of 2023, houses in MIDWAY POINT 7171 typically hit the market at an average price of $618,212 while the median weekly rent stands at $523. These statistics generate an indicative yield of 4.4% which is attractive for investors focused on cash flow.

    MIDWAY POINT 7171 has a socio-economic score of 952 out of 1217 according to the IRSAD score. This indicates that the suburb commands a considerable socio-economic standing with residents enjoying access to economic resources and holding decent income levels.

    The suburb’s rental market strength is further underscored by its renter to owner ratio of 24%, well below the 30% limit that may signal high competition and risk in rental returns. This is complemented by a healthy units to houses ratio of 12%, suggesting that the property market is not oversaturated with rental property types like apartments, flats, and units.

    As far as affordability goes, MIDWAY POINT 7171 has an index of 33 years for houses. Although this is slightly above the standard 30-year mortgage assumption, it’s essential to note markets have different dynamics and this doesn’t instantly rule out MIDWAY POINT 7171 as unaffordable.

    In terms of supply, this suburb is in good stead with a stock on market Percentage for houses being a low 0.3%. The inventory level mirrors this favourable lower end of the market supply, indicated by the short average duration of 0.84 months for houses to get off the market. With a building approvals ratio at 0%, there seems to be no imminent propensity towards over-supply of new dwellings.

    Analysis of how long houses stay in the market reveals a low days on market figure of 8, indicative of high property demand. Although the buy search index stands at 3, which might suggest limited demand, it’s crucial to look at the overall demand indicators. A quick look at the vacancy rate sends positive signals, standing at a low 1.31% between houses and units show signs of neutral demand.

    Keeping an eye on such extensive real estate data is key to making favourable investment decisions. While some metrics here may fall slightly beyond the favourable range, it’s promising that the majority are within the desired zones. Always bear in mind the crucial role of analysing trends in addition to these metrics. To make this a seamless endeavour, leverage the RCS (Relative Composite Score) metric developed by HtAG Analytics that synthesizes over 80 metrics automating your research process.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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