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Battery Point, TAS 7004

Home » TAS Real Estate Data » Hobart City Council, TAS » Battery Point, TAS 7004

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 Battery Point, TAS 7004 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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 “Battery Point, TAS 7004”

  1. The total adult population (15 years or older) of Battery Point 7004 TAS is 1,916, with a median age of 43. Of those, 40.50% are married, 11.38% are divorced or separated, 43.32% are single and 5.01% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $9,732. The median monthly mortgage repayment for households in this suburb is $1,733 which is 17.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the picturesque landscapes of Tasmania, the suburb of Battery Point (postcode: 7004) is a thriving residential community made up of around 1802 households. This vibrant hub is known for its rich heritage and culture, making it a desired location for many property investors and buyers.

    As we delve into the property market statistics for the third quarter of 2023, the essential metrics show that the typical price for houses in Battery Point stands at an impressive $1,459,038. Simultaneously, median weekly rent sits at a robust $712, translating into an indicative yield of 2.54%. Although the yield figure might not meet the minimum attractive market requirement for cashflow-centered property investors (3%), Battery Point still has its unique selling points that are worth exploring.

    Looking at the fundamental metrics, we note that Battery Point boasts an IRSAD score of 1102 out of 1217, indicating that the area’s populace enjoys a high socio-economic status. The renter to owner ratio, however, is slightly high at 47%, suggesting a rental market that might not present the best returns in the long term due to a competitive market. The units to houses ratio is 49%, remaining within a favourable range, conducive to longer tenancy periods and less competition among landlords for tenants.

    Remarkably, the affordability index for houses is quite high at 59 years, pointing towards a challenging market for prospective homeowners. This implies that the average family might need longer to afford a property, significantly surpassing the standard 30-year mortgage period.

    When considering supply metrics, the stock on market percentage stands commendable at 0.47%, indicating a low supply, while the inventory level reaches 2.67 months, which is within the favourable range. The building approvals ratio (0.0%) reveals a static market regarding new residential buildings, suggesting limited additional supply.

    Demand metrics show that the typical property spends about 68 days on the market in Battery Point, indicating neutral demand. The vacancy rate sits comfortable at 2.96%, hinting towards a balanced demand. Finally, the buy search index for houses equals the state/city average at a value of 5, pointing towards a stable demand for purchasing property in Battery Point.

    While a few metrics are in the non-favourable territory, such as the indicative yield and affordability index, the majority of indicators point towards a positive investment climate in Battery Point, with prospective growth in capital gains. The RCS (Relative Composite Score) developed by HtAG Analytics could further automate the detailed property market research, taking into account more than 80 different metrics.

    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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