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 $795,000.
The upward trend in home prices in FERNDALE, 6148 averaged 20.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 4.58% increase in returns based on the current median price in FERNDALE.
An average of 5.58 real estate transactions take place per month in FERNDALE which translates to 67 per annum.
67 properties were sold in FERNDALE in 2016, making it the 99th most active market in WA based on total real estate transactions.
FERNDALE, 6148 places 423rd in Australia based on median property value growth during the quarter.
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 $622,750.
Average median unit prices in WA have risen as a whole, pulling FERNDALE, 6148 values up and netting property investors a capital gain of 14.48% for the past year.
Investors saw the median home price rise to $622,750.
The upward trend in home prices in FERNDALE, 6148 averaged 27.72% per annum over a 3-year period.
FERNDALE now ranks at the 83rd 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 FERNDALE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In FERNDALE, homes and units usually stay on listing for an average of 16.3 days.
14 properties were sold in FERNDALE in 2016, making it the 134th most active market in WA based on total real estate transactions.