Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
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 31.09% for the past year.
Investors saw the median home price rise to $780,000.
Profits due to an upward trend in home prices in the suburb averaged 12.68% per annum over a 3-year period.
FERNY HILLS now ranks at the 168th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $530 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 12.2 days.
In 2016, 183 properties were sold in FERNY HILLS during the past year, making it the 701st most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.09%||N/A|
|Median 3 years||38.05%||N/A|
|Median 5 years||48.57%||N/A|
|10 years average annual||6.56%||N/A|
|Weekly media advert. rent||$530||N/A|
|Time on Market||12.2 days||0.0 days|
|Gross Rental Yield Percent||3.53%||N/A|