Fern Bay, 2295 ranked 4th in NSW when comparing growth in median property values or capital gain over the last 12 months. Fern Bay is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Fern Bay,2295 has racked up an average of 45.12% over the period. This ranks it number 1641th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Fern Bay is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 609th in terms of most discounted suburbs in NSW
Residents and property investors in Fern Bay have been waiting around 108.31 days to sell a property.
A $512.5 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 9.82%.