Fernhill

Fernhill, NSW 2519 is a small suburb with a population of 987 residents. The area has a balanced age demographic with a significant number of residents aged 45 to 64 years and 65 years or over. The median household income is moderate, and there is a mix of occupations with a notable presence of professionals, technicians, and trades workers. The suburb offers various commuting options with a decent work-from-home rate. Housing affordability is moderate, with manageable mortgage repayments and rental prices. For house investors, Fernhill presents a stable market with a moderate rental yield. The suburb has a low vacancy rate, indicating a high demand for rental properties. With a high room demand-supply ratio and a strong market absorption rate, it may be attractive for house developers or renovators. Unit investors can benefit from the steady growth in median prices and a high percentage of units being rented. The suburb has a balanced stock on market rate and a considerable number of building approvals. Fernhill, NSW 2519 offers a tranquil lifestyle with a close-knit community. The suburb is attractive for both homebuyers and investors, with potential for steady growth in property prices. Its demographic diversity and educational advantage make it an appealing location for families and young professionals. The good mix of occupations and commuting options provide a convenient living experience for residents. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022