Question 1

Is Midway Point a nice place to live?

Accepted Answer

Midway Point sits on a narrow peninsula between Pitt Water and Orielton Lagoon and has a quiet waterside character. Many mostly single-storey homes enjoy water views or easy access to foreshore reserves, and residents tend to favour a relaxed outdoor life centred on boating, birdwatching and coastal walks. The Tasman Highway and the local causeway provide straightforward road links to Sorell and the Hobart region for shopping and services.

About 3,384 people live here; the median age is 38 and the typical household income is $1,508 a week (roughly $78,416 a year). The community is weighted towards couple-based families and owner-occupation, with couple families without children 42.3% and with children 37.0%, and around three in four homes (75.5%) owned outright or with a mortgage. Major transport upgrades and a new pump track at Flyway Park are planned or under way. Whether Midway Point suits you depends on how much you value waterside, suburban living and outdoor recreation.

Question 2

Is it expensive to live in Midway Point?

Accepted Answer

In Midway Point, housing costs compared with what a typical local household earned at the last Census look like this. A median house price of $820,000 is about 10.5 times a typical local annual household income at the last Census (median household income $1,508 a week, or $78,416 a year), which sits well above local incomes.

If you are renting, a house at $600 a week would take about 39.8% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $443 a week would take about 29.4%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Midway Point a good place to invest?

Accepted Answer

House values in Midway Point climbed 20.5% over the past 12 months, a strong rise. House rents also increased, up 7.1% over the year, a solid gain, so for houses the suburb showed stronger capital growth than rent growth in that period.

Unit rents fell 1.6% over the year, a slight decline. Whether these past-year movements make Midway Point a suitable investment for you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$820K	N/A
Change in value Past 12 months	20.5%	N/A
Sold Past 3 months	39	1
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$600	$443
Change in rent Past 12 months	7.1%	-1.6%

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