Austins Ferry, 7011 ranked 107th 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
A 24.74% growth in median value for property investors in Austins Ferry,7011 puts this suburb at number 111th in terms of best performing suburbs in TAS
The most recent median price for Austins Ferry is $358000, with sellers offering an average of -2.94% off the asking price.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 3.13%, investors should hope to achieve an overall return of 5.30%
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