Austins Ferry has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.87% to date .
Over the longer term, Austins Ferry has seen property prices show investors a 19.35% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Austins Ferry, 7011. Typically our figures indicate that -3.88% is being offered, which puts this TAS suburb at 3461th most discounted overall in Australia.
Property investors who have had real estate in Austins Ferry, 7011 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.90%
Austins Ferry,7011 has offered an average of 22.90% return per annum in house price rises to property investors over the last three years.
Residents and property investors in Austins Ferry have been waiting around 40.5 days to sell a property.
With the median price for a house in Austins Ferry being $314000 and the advertised rent reaching $337.5 the gross rental yield for property investors calculates out to be 5.59%
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