Midway Point
A 2.12 km2 peninsula suburb south-east of Hobart, Midway Point reaches a $706,000 median house price in 2026, up from $599,000 just two years prior. That 17.9% rise over two years is notable for a market with household income sitting at the 47th percentile nationally. The suburb is overwhelmingly owner-occupier territory: 96% of dwellings are separate houses, and 75.4% of residents stayed at the same address over the prior five years. At a population density of 1,593 per km2, it functions as a tightly settled coastal fringe community drawing a workforce concentrated in healthcare, public administration, and construction.
Population
3,384
Median Age
38.0
Household IncomeiMedian weekly household income (ABS Census)
$1,508/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$706K
YTD 2026
The $706,000 median house price sits well above Tasmania's state median, but mortgage stress is not the dominant story. Monthly repayments average $1,404, which is 21.5% of household income, safely below the 30% stress threshold. Separate houses account for 96% of stock, with three-bedroom dwellings the clear majority at 63.6% and four-plus bedroom homes at 18.5%. Prices rose from $599,000 in 2024 to $625,500 in 2025, then to $706,000 in 2026, a two-year gain of 17.9%. Outright owners at 28.3% are outnumbered by mortgage holders at 47.2%, indicating a suburb still accumulating wealth rather than holding it debt-free. Supply is homogeneous, so buyers seeking apartments or denser stock will find very little at just 0.4%.
For Buyers
The $706,000 median house price sits well above Tasmania's state median, but mortgage stress is not the dominant story. Monthly repayments average $1,404, which is 21.5% of household income, safely below the 30% stress threshold. Separate houses account for 96% of stock, with three-bedroom dwellings the clear majority at 63.6% and four-plus bedroom homes at 18.5%. Prices rose from $599,000 in 2024 to $625,500 in 2025, then to $706,000 in 2026, a two-year gain of 17.9%. Outright owners at 28.3% are outnumbered by mortgage holders at 47.2%, indicating a suburb still accumulating wealth rather than holding it debt-free. Supply is homogeneous, so buyers seeking apartments or denser stock will find very little at just 0.4%.
For Investors
Rental yields face pressure from the $706,000 median against a $370 weekly rent, implying a gross yield near 2.7%, below the national average for similar price points. The renter share of 24.6% is lower than most urban markets, meaning tenant demand is comparatively thin. The vacancy rate of 5.1% is elevated relative to the Tasmanian average, pointing to some supply overhang in the rental pool. No development applications were recorded in the prior 12 months, so new supply is not the driver. The long-run price record offers more support: prices have grown from $88,000 in 1996 to $706,000 today, a compound annual growth rate of 7.2% over 30 years, which is the primary investment argument here. Capital growth has historically outperformed yield.
Demographics
The median age of 38 is 2.0 years below the national figure, positioning Midway Point as a relatively younger-skewing suburb than the national average. Overseas-born residents account for 12.9% of the population, which is 8.7 percentage points below national, making it one of the more locally-born communities in the country. Ancestry is strongly Anglo-Celtic: English (1,571), Irish (399), and Scottish (338) account for the three largest groups. University qualifications reach 24.1%, which is 6.0 percentage points lower than the national figure, consistent with a workforce leaning toward trade and service roles. Average household size is 2.4, marginally below the national figure. Couples with children (1,027) outnumber couples without children (833), reflecting the younger median age profile.
Age Distribution
Bedrooms
Dwelling Structure
96.0%
Houses
3.6%
Townhouse
0.4%
Apartment
Tenure
The housing stock is almost entirely detached: 96% separate houses, 3.6% semi-detached, and just 0.4% apartments. Three-bedroom homes dominate at 63.6% of dwellings, with four-plus bedroom properties at 18.5% and two-bedroom at 16.5%. Prices have grown 702.3% since 1996, from $88,000 to $706,000, a 30-year CAGR of 7.2%. The latest price is also the peak, meaning no correction has occurred from the 2026 high. Tenure skews toward mortgaged ownership at 47.2%, compared to 28.3% outright and 24.6% renting. Rent-to-income sits at 24.5%, just below the 30% stress threshold, and mortgage-to-income at 21.5% is comfortably below it. The limited tenure diversity and stock homogeneity make price moves here more sensitive to interest rate cycles than supply shifts.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,404
Rent / wk
$370
HH Size
2.4
Personal Income / wk
$780
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.1%
Unoccupied
73
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
24.5%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
21.5%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
31.3%
Couples, no children
2,661
Total families
Economy & Employment
Healthcare is the largest employer at 19.7% of the workforce (221 workers), followed by Public Administration at 12.0% (135) and Construction at 11.4% (128). Education accounts for 11.0% and Retail 7.5%. By occupation, Clerical and Admin workers are the most numerous (285), followed by Professionals (264) and Community and Personal Service (235). Full-time employment is strong at 63.1% of employed residents, and the unemployment rate of 4.6% is in line with state norms, representing 74 unemployed persons out of a participation rate of 58.8%. The income base is modest: weekly household income of $1,508 places the suburb at the 47th percentile nationally. Volunteering is meaningful at 14.1% of the population, above many comparable outer suburban communities.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
63.1%
Part-time
32.3%
Participation
58.8%
Employed
1,551
Occupations
Top Industries
University
24.1%
Postgraduate
6.3%
Born Overseas
12.9%
Dwellings
1,340
Transport to Work
Car dependence is near-total: 92.1% of residents drive to work, while only 1.4% use public transport and 0.7% walk or cycle, lower than the national average on both counts. This reflects infrastructure gaps typical of outer Tasmanian coastal suburbs rather than a service-rich urban core. Crime data is not available for Midway Point in this dataset, so a direct safety comparison cannot be made. Housing stress is low by both measures: rent-to-income at 24.5% and mortgage-to-income at 21.5% remain below the 30% threshold. The need-for-assistance rate of 7.4% (240 residents) is a modest indicator of vulnerability in the community. No schools are recorded within the suburb boundary, so families rely on nearby Sorell or other surrounding areas for schooling, which is a practical consideration for households with children.
Drive
92.1%
Public Transport
1.4%
Walk / Cycle
0.7%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Midway Point compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Midway Point a good suburb to live in?
Midway Point suits families and owner-occupiers seeking a lower-density coastal lifestyle near Hobart. Mortgage stress is low at 21.5% of income, and 75.1% of residents stay long-term, indicating stable satisfaction. The main trade-offs are high car dependence (92.1% drive to work) and no schools recorded within the suburb boundary.
What is the median house price in Midway Point?
The median house price reached $706,000 in 2026, up from $599,000 in 2024, a 17.9% rise over two years. Weekly rent averages $370 and monthly mortgage repayments average $1,404. The long-run price has grown at a 7.2% compound annual rate over 30 years since 1996.
What schools are in Midway Point?
No schools are recorded within the Midway Point boundary in this dataset. Families typically rely on schools in Sorell and surrounding areas. The local population has a university qualification rate of 24.1%, which is 6.0 percentage points below the national figure.
Is Midway Point safe?
Detailed crime statistics are not available for Midway Point in this dataset. As indirect indicators, mortgage and rent stress are both below 25% of income, housing stability is high with 75.1% of residents staying at the same address for 5 or more years, and only 7.4% of residents need daily assistance.
Is Midway Point good for property investment?
The 30-year capital growth case is strong at a 7.2% CAGR from $88,000 to $706,000. However, current gross yield is approximately 2.7% based on $370 weekly rent against a $706,000 median, below average. The vacancy rate of 5.1% is elevated, and the renter share of 24.6% is comparatively thin, so yields are unlikely to compress further without rent growth.
How is Midway Point's population changing?
Midway Point has a population of 3,384 at a density of 1,593 per km2. Residential stability is high: 75.1% of residents stayed at the same address over the prior five years, compared to higher-turnover inner urban markets. No development applications were lodged in the past 12 months, suggesting limited near-term supply expansion.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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