Ferryden Park is an average performer in SA when comparing median price capital growth over the last year. Ferryden Park gave property investors a average capital gain figure when compared to the rest of the state, with 1.15%.
While Ferryden Park,5010 ranked number 108th in SA for increase in median house value (annualised) increase, it is ranked 124th over the last 5 years.
Our latest figures would indicate that property sellers in Ferryden Park are currently offering property investors an average price cut of -7.47% below the asking price at the moment.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
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.