Ferryden Park is in the bottom 30% in SA when comparing median price capital growth over the last year. Ferryden Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.27%.
A 12.42% growth in median value for property investors in Ferryden Park,5010 puts this suburb at number 229th in terms of best performing suburbs in SA
Property investors looking for a bargain in Ferryden Park should be aiming for at least -3.74% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Ferryden Park being $430000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.47%
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.