Property CityBATTERY POINT

Battery Point property market

Battery Point, one of Hobart’s most historic and prestigious suburbs, continues to attract high-end buyers, lifestyle seekers, and investors drawn to its charm, proximity to the CBD, and stunning waterfront setting. In the past month, the area saw 22 properties available for rent and 25 properties listed for sale, reflecting a boutique market with limited stock and strong ongoing interest.

Over the past 12 months, median property prices in Battery Point have remained firmly at the premium end of the Hobart market. Houses in the area now command a median price of approximately $1,400,000, reflecting the suburb’s blue-chip status and unique architectural heritage. Units offer a more accessible entry point, with a median price of around $755,000—still well above Hobart’s average, but indicative of the suburb’s desirability.

For property investors, Battery Point offers respectable rental yields despite its higher property values. Houses typically rent for around $710 per week, resulting in a gross rental yield of 3.6% per annum. Units generate slightly better returns, renting for $550 per week, which equates to a yield of 4.5%. These figures highlight the suburb’s ability to deliver consistent rental income, driven by demand from professionals, downsizers, and short-term accommodation providers.

In terms of capital growth, Battery Point has shown a mixed performance over the past year. Houses have maintained a solid trajectory, recording a compound annual growth rate (CAGR) of 3.7%, reflecting the suburb’s enduring appeal and tight supply. However, units have seen a significant decline, with a CAGR of -13.6%, which may signal a market correction following earlier price spikes or reduced demand in the higher-end apartment segment.

Despite recent fluctuations, Battery Point remains one of Tasmania’s most sought-after locations—a tightly held enclave known for its walkability, heritage streetscapes, and unbeatable access to Salamanca Place, the waterfront, and the CBD. While the upfront investment is high, the suburb’s prestige, strong rental demand, and long-term capital growth potential continue to make it an appealing option for discerning buyers and investors.

Market trends

View median property prices* in Battery Point to get a better understanding of local market trends.