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Ferndale, WA 6148

Home » WA Real Estate Data » City of Canning, WA » Ferndale, WA 6148

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ferndale, WA 6148 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ferndale, WA 6148”

  1. The total adult population (15 years or older) of Ferndale 6148 WA is 3,728, with a median age of 41. Of those, 47.08% are married, 12.98% are divorced or separated, 33.83% are single and 6.38% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,012. The median monthly mortgage repayment for households in this suburb is $1,700 which is 21.22% of their earnings.

    Source: ABS Census Data (2021)

  2. The enchanting suburb of Ferndale, located in Western Australia, comprises an estimated 2152 households. As we enter Q3 of 2023, the typical property prices for houses in Ferndale 6148 stand at an inviting $538,853. With a median weekly rent hovering around the $464 mark, the suburb offers an alluring indicative yield of approximately 4.48%.

    A glance at the socio-economic profile of Ferndale reveals an impressive IRSAD score of 985 out of 1217, showcasing a fairly high level of socio-economic strength and viability. It boosts a modest renter to owner ratio of 22%, which underscores balance and stability in the property market of the area. There’s overwhelming demand for houses over units, as evidenced by a low units to houses ratio of 3%.

    The affordability index chimes in at 26 years, which, while above the average mortgage term, still beats many of Sydney’s more sought-after suburbs where this figure can extend well into the 40-year range. This relatively favourable affordability index is certainly a drawcard for potential buyers and investors with long-term plans.

    Supply metrics indicate a favourable environment for buyers and investors, with the stock on market Percentage for houses setting at a low 0.23%. In tandem with this, housing inventory in the suburb is low at only 0.74 months, indicating a rapid turnover of properties on the market.

    Ferndale’s low building approvals ratio for houses, a mere 0.88%, also signals towards limited new supply in the pipeline for housing. And while, the number of days on market for houses averages at a moderately paced 57 days, the combined vacancy rate of just 0.86% reinforces the robust demand for this suburb.

    However, it is important to pay heed to the buy search index which currently stands at a muted 2, showcasing a muted demand when compared to the state or city average. But overall, as we supervise the ongoing market developments, Ferndale is emerging as an attractive proposition for property investment prospects due to its desirable balance of affordability, supply, and demand dynamics. A thorough investigation of suburb metrics like these is crucial before making major real estate investment decisions. By studying the composite picture, Ferndale opens the door to potential capital gains and impressive cash flows.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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