The suburb’s capital gain of 8.99% for the past year is higher than average compared to its 25.79% growth within a five-year period.
Also in FERNY GROVE, the median home price is sitting at $600,000, and the average rent at $472.5, this suggests property owners could potentially earn a 4.1% increase in gross rental yield.
Property investors have seen a 0% gain in FERNY GROVE based on an increase 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 3.67% growth over a ten-year period. It ranks 2148th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.99%||6.96%|
|Median 3 years||14.29%||18.3%|
|Median 5 years||25.79%||29.69%|
|10 years average annual||3.67%||4.21%|
|Weekly media advert. rent||$472.5||$370|
|Time on Market||36.1 days||37.2 days|
|Gross Rental Yield Percent||4.1%||4.64%|