Midway Point is a peaceful suburb situated ideally between the city and the coast, offering quick access to both Hobart and the eastern beaches. Known for its community feel and scenic surroundings, it is a fantastic place for families and professionals. The suburb features a variety of housing options from modern developments to quaint, established homes. Explore the possibilities at Midway Point with Nest Property.
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Midway Point property market
Midway Point, a growing suburb just 20 minutes northeast of Hobart and only minutes from the Hobart Airport, continues to appeal to homebuyers and investors seeking a blend of affordability, convenience, and scenic water views. Over the past month, the local property market recorded 11 properties available for rent and 27 properties listed for sale, reflecting a moderate level of activity with a healthy balance between rental and buyer opportunities.
Over the last 12 months, houses in Midway Point have sold at a median price of approximately $617,500, offering strong value relative to Hobart’s inner suburbs. This pricing, combined with easy access to the city via the Tasman Highway and the peaceful, semi-coastal lifestyle, makes Midway Point an increasingly popular choice for families, commuters, and lifestyle-driven buyers.
From an investment standpoint, the suburb offers competitive rental returns. Houses are renting for an average of $565 per week, which equates to a gross rental yield of 4.7% per annum—a solid return in the current market. Units perform even better, with weekly rents around $450 and a rental yield of 5.2%, making them particularly attractive to investors seeking strong cash flow and lower entry costs.
In terms of capital growth, Midway Point has experienced a slight softening in house values over the past year, recording a compound annual growth rate (CAGR) of -2.4%. This dip may reflect a market correction following years of growth and could represent a buying opportunity for investors or owner-occupiers aiming to enter the market at a more favourable price point.
Despite recent fluctuations, Midway Point remains a suburb with solid fundamentals. Its waterside location, growing community infrastructure, and proximity to both the Hobart CBD and regional employment hubs make it a strategically positioned area for long-term investment. With strong rental yields and continued demand from tenants and buyers alike, Midway Point is well worth considering for those seeking value and growth potential in southern Tasmania.
Market trends
View median property prices* in Midway Point to get a better understanding of local market trends.
*Data based on sales within the 12 months to July 2025.