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 3.26%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ferny Grove has increased when compared to the 5 year average annual rate.
At number 749th of QLD’s most discounted properties, Ferny Grove is in the TOP 10% of the state/territory when listing in order of most discounted to least.
In the last year 85 properties changed hands in Ferny Grove, which puts it as the 288th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Ferny Grove being $563000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 4.39%
Ferny Grove has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.94% to date .
Comparing Ferny Grove,4055 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Ferny Grove 4055 should be seeing an average reduction in asking price of around -4.51% . This means that Ferny Grove is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 6.70%, investors should hope to achieve an overall return of 4.71%