Suburb Profile Report for Austins Ferry TAS (7011)

Austins Ferry House: Median price $334,500, Annual capital growth 2.67%, Number of sales 46, Weekly median advertised rent $345

Austins Ferry Unit: Median price $263,000, Annual capital growth N/A, Number of sales 17, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$334,500 $263,000
2.14% -1.87%
7.90% N/A
2.67% N/A
$345 $275
46 17
5.36% 5.44%
71.52 85.88

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 2221
Median household income ($/weekly) 1184
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 277 12.5
    25-34 years 301 13.6
    35-44 years 311 14.0
    45-54 years 310 14.0
    55-64 years 270 12.2
    Others 752 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 843 51.2
    Not Married 577 35.0
    Defacto Relationship 227 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1945 91.8
    Former Yugoslav Republic of Macedonia 9 0.4
    Indonesia 13 0.6
    United Kingdom 87 4.1
    Other 13 0.6
    Others 51 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1528 74.8
    No Religion 487 23.8
    Hinduism 19 0.9
    Other Religious Groups 7 0.3
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 97 12.8
    $1,000-$1,249 88 11.6
    $1,250-$1,499 77 10.1
    $1,500-$1,999 116 15.3
    $2,000-$2,499 86 11.3
    Others 296 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 679 39.5
    Not in the labour force 571 33.2
    Employed, worked part-time 356 20.7
    Employed, away from work 69 4.0
    Unemployed, looking for work 44 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 148 13.5
    Technicians & trades workers 192 17.5
    Community & personal service workers 139 12.6
    Clerical & administrative workers 207 18.8
    Sales 124 11.3
    Others 290 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 22 4.9
    Infants/Primary 182 40.4
    Secondary 122 27.1
    Technical or Further Educational Institution 55 12.2
    University or other Tertiary Institutions 60 13.3
    Others 9 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2031 95.6
    Semi-detached, row or terrace house, townhouse 83 3.9
    Flat, unit or apartment 7 0.3
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 397 48.0
    Fully owned 259 31.3
    Rented 168 20.3
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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