Suburb Profile Report for Austins Ferry TAS (7011)

Austins Ferry House: Median price $381,000, Annual capital growth 4.39%, Number of sales 48, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

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%

Information supplied by:


January 2018

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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

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.

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Metrics i HOUSE UNIT
$381,000 N/A
5.83% N/A
13.73% N/A
4.39% N/A
$380 N/A
48 N/A
5.19% N/A
25.37 N/A

Source: CoreLogic

DSR Score for property investment : Excellent (H), Balanced (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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Recent sales & rentals