Austins Ferry has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 13.73% to date .
While Austins Ferry,7011 ranked number 36th in TAS for increase in median house value (annualised) increase, it is ranked 74th over the last 5 years.
Property buyers and investors in Austins Ferry 7011 should be seeing an average reduction in asking price of around -1.89% . This means that Austins Ferry is holding prices well when compared to other suburbs in TAS.
In the last year 48 properties changed hands in Austins Ferry, which puts it as the 63th 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 4.39%, investors should hope to achieve an overall return of 5.19%
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