Ferny Grove Buyers’ Agent’s Guide
Are you looking to purchase a home or investment property in Ferny Grove? As a Ferny Grove Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Ferny Grove property purchase!
The population of Ferny Grove in 2016 was around 5,700 and continues to grow. 76.5% of households in Ferny Grove are owner occupied and consistent predominantly of professional couples (40-49 years old) with children.
Shops, restaurants and entertainment
Ferny Grove’s main shopping and café precinct is located on the corner of McGinn Road and Archdale Road.
Ferny Grove is the last train station on the Ferny Grove line. It takes approximately 30 minutes to get to the Brisbane CBD by train.
Parks and Green spaces
Ferny Grove is a leafy suburb located on the doorstep of Samford Conservation Park and D’Aguilar National Park.
Cyclists will enjoy the Ferny Grove Rail Trail which starts at the end of Lanita Road and meanders along an old railway line, ending in Samford Village.
Most residents commute to the Brisbane CBD for work.
Most and least desirable areas
Traffic noise can be an issue for properties close to Samford Road. It is best to avoid streets directly surrounding the train station.
Housing type and typical block size
The vast majority (83%) of properties in Ferny Grove are free standing houses.
Most homes in Ferny Grove were built in the 1970-1980 and are double storey brick houses, on approximately 600m2 of land.
What can my money buy in Ferny Grove?
The median house price in Ferny Grove is $626,000 which is close to Brisbane’s median.
The median house price in Ferny Grove would typically buy a 3 bedroom, 1 bathroom house on a 600m2 block. For example: 23 Cabragh Street Ferny Grove – sold for $632,750 in February 2020 (click to view listing and see images below).
The median unit price in Ferny Grove is: $366,000.
This amount would typically buy a 2 bedroom, 1 bathroom, 1 garage villa in an older style complex. For example: 2/3 Bunowen Street Ferny Grove – sold for $355,500 in January 2020 (click to view listing and see images below).
How has the Ferny Grove property market been performing?
In the last 5 years the median house price has increased by 20.3%. Over the last 10 years, house prices have increased by 2.5% per annum.
Units in Ferny Grove have seen a marginal changes in price. In the last 5 years the median price of units has decreased by 0.4%. On average, over the last 10 years unit prices have increased by 0.4% per annum.
Supply and demand characteristics for Ferny Grove*
- Average Days on Market: Houses 53 days.
- On average houses are selling 6% below their list price.
- Ferny Grove’s auction clearance rates are 0% for houses.
- The average rental yield for houses is 4.09%.
- There is a shortage of houses currently listed for sale (0.86%).
- The rental vacancy rate for houses is 1.13%.
**Statistics are accurate for April 2019; there is no reliable data for units
Thinking about buying a property in Ferny Grove? Our Ferny Grove Buyers’ Agent is more than happy to have a chat. Please contact us.
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