Investment property in Austins Ferry has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.90%
Across a shorter period, Austins Ferry, 7011 has seen a median price increase of 2.14% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Austins Ferry is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 36th in terms of most discounted suburbs in TAS
At number 1574 in a list of fastest selling suburbs, Austins Ferry is just in the top half of suburbs in Australia with an average of days on market 71.52 for properties listed there.
With the median price for a house in Austins Ferry being $334500 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 5.36%
While Austins Ferry,7011 ranked number 41th in TAS for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Austins Ferry itself are offering an average vendor discount of -6.62% to real estate investors.
In the last year 17 properties changed hands in Austins Ferry, which puts it as the 40th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3300 per annum or $275 every week.