Investment property in Ferryden Park has done 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 -4.62%
If we look at median property appreciation over just the last three months, Ferryden Park has given property investors a paper return of -0.84%. This puts Suburb as 313 on a list of fastest fasting appreciating suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Ferryden Park itself are offering an average vendor discount of -6.01% to real estate investors.
In the last year 44 properties changed hands in Ferryden Park, which puts it as the 216th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Giving property investors a a poor capital gain of -5.30% for the last year, Ferryden Park, 5010 is the 1412th highest performer in Australia in this respect.
Over the longer term, Ferryden Park has seen property prices show investors a 7.02% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Ferryden Park 5010 should be seeing an average reduction in asking price of around -3.91% . This means that Ferryden Park is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Ferryden Park the average time real estate has been on the market is 109.27 days.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.51%, investors should hope to achieve an overall return of 4.99%