House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $430,000.
The downward trend in home prices in FERNDALE, 6148 averaged -4.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 3.63% increase in returns based on the current median price in FERNDALE.
An average of 5.83 real estate transactions take place per month in FERNDALE which translates to 70 per annum.
70 properties were sold in FERNDALE in 2016, making it the 64th most active market in WA based on total real estate transactions.
FERNDALE, 6148 places 76th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.38% | N/A |
| Median 12 month | -1.71% | N/A |
| Median 3 years | -13.13% | N/A |
| Median 5 years | -6.52% | N/A |
| 10 years average annual | 1.43% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 75.9 days | N/A |
| Gross Rental Yield Percent | 3.63% | N/A |
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