FERNY HILLS, 4055 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 $538,500.
Profits due to an upward trend in home prices in the suburb averaged 4.8% per annum over a 3-year period.
FERNY HILLS now ranks at the 537th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in FERNY HILLS are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FERNY HILLS, homes and units usually stay on listing for an average of 30.8 days.
In 2016, 127 properties were sold in FERNY HILLS during the past year, making it the 791st most active market in QLD based on total real estate transactions.
With the median home price in FERNY HILLS sitting at $389,000, and the average rent at $360, property owners could potentially earn a 4.81% increase in gross rental yield.
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