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 $855,000.
The upward trend in home prices in FERNDALE, 6148 averaged 23.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 4.56% 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 90th most active market in WA based on total real estate transactions.
FERNDALE, 6148 places 362nd 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 $660,000.
Average median unit prices in WA have risen as a whole, pulling FERNDALE, 6148 values up and netting property investors a capital gain of 18.39% for the past year.
Investors saw the median home price rise to $660,000.
The upward trend in home prices in FERNDALE, 6148 averaged 35.42% per annum over a 3-year period.
FERNDALE now ranks at the 71st 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 $630 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 14.6 days.
12 properties were sold in FERNDALE in 2016, making it the 143rd most active market in WA based on total real estate transactions.