If you compare the increase in value of investment property in Ferryden Park, 5010 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.15%.
Ferryden Park,5010 was ranked 2090 in Australia by increase in median property value over the quarter.
The most recent median price for Ferryden Park is $430000, with sellers offering an average of -6.69% off the asking price.
With the median price for a house in Ferryden Park being $430000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.72%
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.