Suburb Profile Report for Austins Ferry TAS (7011)

Austins Ferry House: Median price $370,000, Annual capital growth 3.59%, Number of sales 44, Weekly median advertised rent $390

Austins Ferry Unit: Median price $314,000, Annual capital growth 2.61%, Number of sales 12, Weekly median advertised rent $338

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

Austins Ferry has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.87% to date .

Over the longer term, Austins Ferry has seen property prices show investors a 19.35% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Austins Ferry, 7011. Typically our figures indicate that -3.88% is being offered, which puts this TAS suburb at 3461th most discounted overall in Australia.

Property investors who have had real estate in Austins Ferry, 7011 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.90%

Austins Ferry,7011 has offered an average of 22.90% return per annum in house price rises to property investors over the last three years.

Residents and property investors in Austins Ferry have been waiting around 40.5 days to sell a property.

With the median price for a house in Austins Ferry being $314000 and the advertised rent reaching $337.5 the gross rental yield for property investors calculates out to be 5.59%

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.

Close
Metrics i HOUSE UNIT
$370,000 $314,000
-1.33% -1.18%
5.87% 22.90%
3.59% 2.61%
$390 $338
44 12
5.48% 5.59%
27.75 40.5

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Above average (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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