Suburb Profile Report for Ferny Creek VIC (3786)

Ferny Creek House: Median price $672,500, Annual capital growth 5.78%, Number of sales 20, Weekly median advertised rent $455

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

Source: CoreLogic

  • House Report

Ferny Creek has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.07% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ferny Creek has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Ferny Creek is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 557th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Ferny Creek is 324th on a list of best yielding suburbs for rents in VIC with a 3.52% return

Metrics i HOUSE UNIT
$672,500 N/A
-10.33% N/A
3.07% N/A
5.78% N/A
$455 N/A
20 N/A
3.52% N/A
43.5 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1535
Median household income ($/weekly) 1675
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 215 14.0
    25-34 years 154 10.0
    35-44 years 252 16.4
    45-54 years 241 15.7
    55-64 years 229 14.9
    Others 444 28.9
    Age Group
    Census Count Percent(%)
    Registered Married 630 55.7
    Not Married 395 34.9
    Defacto Relationship 107 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1217 83.6
    Greece 18 1.2
    Papua New Guinea 26 1.8
    United Kingdom 104 7.1
    Other 35 2.4
    Others 56 3.8
    Country of Birth
    Census Count Percent(%)
    Christianity 701 51.8
    No Religion 614 45.3
    Buddhism 20 1.5
    Other Religious Groups 11 0.8
    Judaism 8 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 44 9.1
    $1,000-$1,249 39 8.1
    $1,500-$1,999 72 14.9
    $2,000-$2,499 56 11.6
    $2,500-$2,999 53 11.0
    Others 219 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 492 41.9
    Not in the labour force 327 27.8
    Employed, worked part-time 283 24.1
    Employed, away from work 46 3.9
    Unemployed, looking for work 27 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 132 16.1
    Professionals 244 29.8
    Technicians & trades workers 96 11.7
    Community & personal service workers 79 9.6
    Clerical & administrative workers 118 14.4
    Others 150 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 36 8.6
    Infants/Primary 141 33.7
    Secondary 124 29.7
    Technical or Further Educational Institution 29 6.9
    University or other Tertiary Institutions 79 18.9
    Others 9 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1442 99.6
    Flat, unit or apartment 6 0.4
    Semi-detached, row or terrace house, townhouse 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(%)
    Being purchased 283 53.9
    Fully owned 191 36.4
    Rented 47 9.0
    Other tenure type 4 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals