If you compare the increase in value of investment property in Austins Ferry, 7011 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 10.28%.
The five-year average increase in median property values for Austins Ferry,7011 has given property investors a potential capital gain of 25.42% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Austins Ferry is offering property investors an average of -5.48. This rate of discount on properties puts Suburb at number 144th in terms of most discounted suburbs in TAS
Situated 13.60km from the CBD, Austins Ferry is one of Glenorchy localities in the postcode 7011.
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%Full summary
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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.Close