How long can ‘JobKeepers’ afford their rent?
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
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The suburb’s capital gain of 1.95% for the past year is lower than average compared to its 18.1% growth within a five-year period.
Also in FERNY GROVE, the median home price is sitting at $620,000, and the average rent at $500, this suggests property owners could potentially earn a 4.19% increase in gross rental yield.
Property investors have seen a -1.59% drop in FERNY GROVE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.59% growth over a ten-year period. It ranks 2619th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $620,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.59% | N/A |
| Median 12 month | 1.95% | N/A |
| Median 3 years | 12.73% | N/A |
| Median 5 years | 18.1% | N/A |
| 10 years average annual | 2.59% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 63.8 days | N/A |
| Gross Rental Yield Percent | 4.19% | N/A |
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