Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
FERNY HILLS, 4055 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling FERNY HILLS, 4055 values up and netting property investors a capital gain of 3.2% for the past year.
Investors saw the median home price rise to $564,000.
Profits due to an upward trend in home prices in the suburb averaged 4.27% per annum over a 3-year period.
FERNY HILLS now ranks at the 343rd 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 32.4 days.
In 2016, 130 properties were sold in FERNY HILLS during the past year, making it the 759th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $564,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.71% | N/A |
| Median 12 month | 3.2% | N/A |
| Median 3 years | 12.8% | N/A |
| Median 5 years | 25.33% | N/A |
| 10 years average annual | 2.83% | N/A |
| Weekly media advert. rent | $460 | N/A |
| Time on Market | 32.4 days | N/A |
| Gross Rental Yield Percent | 4.24% | N/A |
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