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 16.45%
A 46.28% growth in median value for property investors in Austins Ferry,7011 puts this suburb at number 108th in terms of best performing suburbs in TAS
At number 23 in a list of fastest selling suburbs, Austins Ferry is in the TOP 10% of suburbs in Australia with an average of days on market 28.92 for properties listed there.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Austins Ferry is an average performer in TAS when comparing median price capital growth over the last year. Austins Ferry gave property investors a average capital gain figure when compared to the rest of the state, with 7.26%.
Advertised rents are around the $365 mark per week – giving a return of 5.71% based on the median price in Suburb
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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.