Investment property in Austins Ferry has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.16%
Austins Ferry,7011 was ranked 3305 in Australia by increase in median property value over the quarter.
Often selling an investment property can take time, and in Austins Ferry the average time real estate has been on the market is 44.8929 days.
The TAS suburb of Austins Ferry, 7011 is in the Glenorchy (C) local government area.
Investment property in Austins Ferry has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.52%
In the last year 14 properties changed hands in Austins Ferry, which puts it as the 50th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.18%, investors should hope to achieve an overall return of 5.57%
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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.