Suburb Profile Report for Fern Bay NSW (2295)

Fern Bay House: Median price $620,000, Annual capital growth 13.19%, Number of sales 49, Weekly median advertised rent $518

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Across a shorter period, Fern Bay, 2295 has seen a median price increase of 2.90% over the last quarter.

Property investors looking for a bargain in Fern Bay should be aiming for at least -5.66% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2830 in a list of fastest selling suburbs, Fern Bay is in the bottom 30% of suburbs in Australia with an average of days on market 105 for properties listed there.

A $517.5 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 13.19%.

Metrics i HOUSE UNIT
$620,000 N/A
2.90% N/A
N/A N/A
13.19% N/A
$518 N/A
49 N/A
4.34% N/A
105 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Fern Bay NSW
Demographics
Total population 1624
Median household income ($/weekly) 690
Median age of persons 54
Median housing loan repayment ($/monthly) 2200
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 162 10.0
    45-54 years 184 11.3
    55-64 years 268 16.5
    65-74 years 334 20.6
    75-84 years 163 10.0
    Others 513 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 694 54.6
    Not Married 470 37.0
    Defacto Relationship 107 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1341 88.6
    Papua New Guinea 21 1.4
    United Kingdom 81 5.4
    United States of America 12 0.8
    Other 18 1.2
    Others 40 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1223 81.5
    No Religion 265 17.7
    Buddhism 6 0.4
    Other Religious Groups 4 0.3
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 108 16.1
    $400-$599 140 20.9
    $600-$799 91 13.6
    $800-$999 56 8.4
    $1,500-$1,999 45 6.7
    Others 229 34.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 764 58.0
    Employed, worked full-time 329 25.0
    Employed, worked part-time 154 11.7
    Unemployed, looking for work 39 3.0
    Employed, away from work 32 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 74 14.4
    Professionals 92 17.9
    Technicians & trades workers 75 14.6
    Clerical & administrative workers 66 12.9
    Labourers 66 12.9
    Others 140 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 27 12.9
    Infants/Primary 83 39.7
    Secondary 43 20.6
    Technical or Further Educational Institution 22 10.5
    University or other Tertiary Institutions 30 14.4
    Others 4 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1539 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 476 66.8
    Being purchased 145 20.3
    Rented 89 12.5
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals