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.
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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.