Suburb Profile Report for Ferny Creek VIC (3786)

Ferny Creek House: Median price $830,000, Annual capital growth 6.20%, Number of sales 21, Weekly median advertised rent $585

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

With a capital gain of -1.66% for the last 12 months, Ferny Creek, 3786 has performed for property investments than its average annual 6.20% property growth over the last 5 years.

Ferny Creek,3786 was ranked 1605 in Australia by increase in median property value over the quarter.

Property buyers and investors in Ferny Creek 3786 should be seeing an average reduction in asking price of around -8.59% . This means that Ferny Creek is holding prices well when compared to other suburbs in VIC.

At number 1385 in a list of fastest selling suburbs, Ferny Creek is in the TOP 40% of suburbs in Australia with an average of days on market 70.2222 for properties listed there.

With the median price for a house in Ferny Creek being $830000 and the advertised rent reaching $585 the gross rental yield for property investors calculates out to be 3.67%

Metrics i HOUSE UNIT
$830,000 N/A
0.00% N/A
-1.66% N/A
6.20% N/A
$585 N/A
21 N/A
3.67% N/A
70.2222222222222 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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