How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
AUSTINS FERRY, 7011 ranks 587th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.74% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $396,000.
The upward trend in home prices in AUSTINS FERRY, 7011 averaged 10.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 5.12% increase in returns based on the current median price in AUSTINS FERRY.
An average of 3.83 real estate transactions take place per month in AUSTINS FERRY which translates to 46 per annum.
46 properties were sold in AUSTINS FERRY in 2016, making it the 48th most active market in TAS based on total real estate transactions.
AUSTINS FERRY, 7011 places 36th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $396,000 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.6% | -2.36% |
| Median 12 month | 12.74% | N/A |
| Median 3 years | 30.91% | N/A |
| Median 5 years | 31.78% | N/A |
| 10 years average annual | 4.35% | -0.46% |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 27.2 days | 27.6 days |
| Gross Rental Yield Percent | 5.12% | N/A |
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