Suburb Profile Report for Austins Ferry TAS (7011)

Austins Ferry House: Median price $441,000, Annual capital growth 4.74%, Number of sales 35, Weekly median advertised rent $418

Austins Ferry Unit: Median price $321,940, Annual capital growth 6.29%, Number of sales 20, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Austins Ferry, 7011 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 16.82%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Austins Ferry has increased when compared to the 5 year average annual rate.

Residents and property investors in Austins Ferry have been waiting around 35.6333 days to sell a property.

Advertised rents are around the $417.5 mark per week – giving a return of 4.92% based on the median price in Suburb

Austins Ferry has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.40% to date .

While Austins Ferry,7011 ranked number 14th in TAS for increase in median house value (annualised) increase, it is ranked 53th over the last 5 years.

Information supplied by:


January 2018

M
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Housing growth is gentle

Postcode: 7011

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.

Metrics i HOUSE UNIT
$441,000 $321,940
0.00% 3.85%
16.82% 1.40%
4.74% 6.29%
$418 N/A
35 20
4.92% N/A
35.6333333333333 32.7647058823529

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 2221
Median household income ($/weekly) 1184
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 277 12.5
    25-34 years 301 13.6
    35-44 years 311 14.0
    45-54 years 310 14.0
    55-64 years 270 12.2
    Others 752 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 843 51.2
    Not Married 577 35.0
    Defacto Relationship 227 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1945 91.8
    Former Yugoslav Republic of Macedonia 9 0.4
    Indonesia 13 0.6
    United Kingdom 87 4.1
    Other 13 0.6
    Others 51 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1528 74.8
    No Religion 487 23.8
    Hinduism 19 0.9
    Other Religious Groups 7 0.3
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 97 12.8
    $1,000-$1,249 88 11.6
    $1,250-$1,499 77 10.1
    $1,500-$1,999 116 15.3
    $2,000-$2,499 86 11.3
    Others 296 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 679 39.5
    Not in the labour force 571 33.2
    Employed, worked part-time 356 20.7
    Employed, away from work 69 4.0
    Unemployed, looking for work 44 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 148 13.5
    Technicians & trades workers 192 17.5
    Community & personal service workers 139 12.6
    Clerical & administrative workers 207 18.8
    Sales 124 11.3
    Others 290 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 22 4.9
    Infants/Primary 182 40.4
    Secondary 122 27.1
    Technical or Further Educational Institution 55 12.2
    University or other Tertiary Institutions 60 13.3
    Others 9 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2031 95.6
    Semi-detached, row or terrace house, townhouse 83 3.9
    Flat, unit or apartment 7 0.3
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 397 48.0
    Fully owned 259 31.3
    Rented 168 20.3
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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