Investment property in Fernvale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.74%
Taking the average capital gain, or increase in median house value, Fernvale,4306 has racked up an average of 0.74% over the period. This ranks it number 3602th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Fernvale itself are offering an average vendor discount of -7.56% to real estate investors.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 1.25%.