Property CityMIDWAY POINT

Midway Point property market

In the suburb of Midway Point, located just outside Hobart, Tasmania, the property market has shown varied activity and trends in recent months. As of last month, there were 4 properties available for rent and a notable 23 properties listed for sale, indicating a healthy level of market turnover. The median sold price for houses over the past year has been recorded at $612,500, reflecting the area’s relative affordability and appeal.

For prospective investors, Midway Point presents intriguing opportunities, especially in the residential sector. Houses in the suburb currently rent for an average of $525 per week, yielding an annual rental return of approximately 4.5%. Meanwhile, units in the area are rented out at an average of $450 per week, with a slightly higher rental yield of 4.7%. These figures suggest that both houses and units could offer reasonable returns for investors seeking to capitalize on the rental market.

However, it’s important to consider the broader market trends, including the area’s annual compound growth rate. Over the past year, Midway Point has experienced a slight decline in house values, with a compound growth rate of -0.8%. This indicates a minor softening in the market, which potential buyers and investors should weigh when making decisions. Despite this, the suburb remains an attractive option for those looking to invest in a waterfront community that balances affordability with potential for future growth.

Market trends

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

* Data based on sales within the last 12 months