Property value increases in Austins Ferry have tracked close to the TAS average of 11.04% over the last 12 months.
Across a shorter period, Austins Ferry, 7011 has seen a median price increase of 5.60% over the last quarter.
Sellers are offering property buyers an average discount of -1.90% to buyers in Austins Ferry at the moment, which is less than average for the rest of TAS.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
Across a shorter period, Austins Ferry, 7011 has seen a median price increase of -2.36% over the last quarter.
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Housing growth is gentle
Median house price: $334,000
Three-year growth: 9.0%
Rental yield: 5.5%
Growth is positive in the suburb of Austins Ferry, and if November 2017 quarter findings are any indication, its long-term potential may be shaky as prices stumbled by 0.3%.
Price increases peaked five years ago at 21.5%, with the growth rate easing up over the past three years. Nonetheless, returns are considerable at 5.5%, and the average vacancy rate tightened further over the year leading to November 2017 from 0.8% to 0.3%. Thus, there is no shortage of tenants here.
St Virgil’s College is located here, and the suburb is bordered by the River Derwent. Claremont Plaza is close by in the neighbouring suburb of Claremont, along with Claremont College and several primary schools. Claremont College also houses a TAFE campus.