If you compare the increase in value of investment property in Austins Ferry, 7011 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 11.61%.
If we look at median property appreciation over just the last three months, Austins Ferry has given property investors a paper return of -0.66%. This puts Suburb as 167 on a list of fastest fasting appreciating suburbs in TAS
Property investors looking for a bargain in Austins Ferry should be aiming for at least -3.88% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 43 properties changed hands in Austins Ferry, which puts it as the 71th most active market in TAS when comparing the number of sales per suburb.
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