Austins Ferry, 7011 ranked 74th in TAS when comparing growth in median property values or capital gain over the last 12 months. Austins Ferry is one of 606 in our list for TAS
When looking at the potential capital gains offered to property investors over the last 3 years, Austins Ferry comes in at number 81th in TAS.
LACK OF BUYER INTEREST may well be the reason that Austins Ferry is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 149th in terms of most discounted suburbs in TAS
In the last year 44 properties changed hands in Austins Ferry, which puts it as the 65th most active market in TAS when comparing the number of sales per suburb.
With the median price for a house in Austins Ferry being $381000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.46%
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
Information supplied by:
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