Property CityBATTERY POINT

Battery Point property market

Battery Point, one of Hobart’s most historic and prestigious suburbs, continues to attract strong interest from buyers and investors alike. As of last month, there were 23 properties available for rent and 32 listed for sale, indicating an active and competitive market in this tightly held enclave.

Over the past year, median property prices in Battery Point have reflected the suburb’s premium status. Houses command a median price of $1,375,000, underscoring the area’s long-standing appeal and heritage charm. Units offer a more accessible entry into the suburb, with a median price of $755,000—still reflecting the suburb’s blue-chip reputation.

For investors, Battery Point offers steady rental returns. Houses rent for an average of $705 per week, with an annual rental yield of 3.8%, while units rent for around $550 per week, delivering a slightly higher yield of 4.2%. These figures suggest consistent rental demand, driven by the suburb’s proximity to Salamanca, the waterfront, and Hobart’s CBD.

However, recent market trends show a mixed performance. House prices have remained stable over the past year with a flat annual compound growth rate of 0.0%, indicating a pause in value growth. Units, by contrast, have seen a more significant decline, with a compound growth rate of -13.6%, potentially opening up opportunities for buyers looking to purchase in a high-demand area at a more accessible price point.

Overall, Battery Point remains one of Hobart’s most desirable locations, offering heritage charm, urban convenience, and long-term lifestyle value—appealing to both owner-occupiers and discerning investors.

Market trends

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