Suburb Profile Report for Fern Bay NSW (2295)

Fern Bay House: Median price $530,000, Annual capital growth 9.40%, Number of sales 35, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report

Investment property in Fern Bay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.95%

The five-year average increase in median property values for Fern Bay,2295 has given property investors a potential capital gain of 32.50% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Fern Bay, 2295. Typically our figures indicate that -4.32% is being offered, which puts this NSW suburb at 3021th most discounted overall in Australia.

HOUSE UNIT
$530,000 N/A
28.48% N/A
4.95% N/A
9.40% N/A
$520 N/A
35 N/A
5.10% N/A
110.25 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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Recent sales & rentals