If you compare the increase in value of investment property in Ferryden Park, 5010 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 8.83%.
While Ferryden Park,5010 ranked number 169th in SA for increase in median house value (annualised) increase, it is ranked 155th over the last 5 years.
Ferryden Park5010 is located in SA which offers an average discount of -6.81% to property investors. Ferryden Park itself is showing figures that indicate -7.87% is the average achievable by property buyers investing in the suburb.
Information supplied by:
Gentle and steady
Median unit price: $335,000
Three-year growth: 9.8%
Rental yield: 4.8%
Less than 10km from the Adelaide CBD, Ferryden Park was named for founder William Duthie’s hometown, a seaport village in Scotland. As a result, the street names have Scottish origins.
It is a well-stocked suburb, with a shopping centre located along Ridley Grove. The Parks community centre contains a library and fitness facilities, including a pool, and is adjacent to Angle Park. Ferryden Park is a haven for nature lovers, being the site of Ferryden Park Reserve, Richard Day Reserve and Tao Dan Reserve, among others.
The suburb is not a strong grower, but it has remained steady with unit prices slowly going up to reach a median of $335,000. In the year to August 2018, the growth rate hit 7.2%, and in the three months to August, a further increase of 1.5% was recorded.