Property investors who have had real estate in Ferny Grove, 4055 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.89%
Ferny Grove,4055 has offered an average of 8.89% return per annum in house price rises to property investors over the last three years.
At number 559th of QLD’s most discounted properties, Ferny Grove is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 4.05%.
Over the last year, property investments in Ferny Grove, 4055 have given investors a capital gain of 17.19%. This compares very favourably with the 0.29% for QLD as a whole.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Ferny Grove itself are offering an average vendor discount of -3.09% to real estate investors.
Often selling an investment property can take time, and in Ferny Grove the average time real estate has been on the market is 37.91 days.
Property investors should expect to get $380 weekly from the median priced house in this suburb.