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Fernvale, VIC 3701
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$805,000
Median Unit
$140,000
list-price estimate
Gross Yield (houses)
2.3%
1yr Growth
-
Investment snapshot for Fernvale
Fernvale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Fernvale market and investor summary
Fernvale (VIC 3701) runs a median house price of $805K, with houses yielding a gross 2.3%. At 11.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 11.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 94 days on market, so plan for a slower exit if you ever need one.
Living in Fernvale: people, income and schools
Fernvale has a resident population of roughly 1,101, a number that has held fairly steady over five years. The median age is 53, an older, established demographic, and families account for 71% of households.
Households here earn a median of about $72,000 a year, or roughly $1,380 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 11.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
- Population
- 1,101
- +0% over 5yr
- Median age
- 53 years
- Median household income
- $72,000/yr
- Households renting
- 10%
- Family households
- 71%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 3.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Fernvale
No properties currently listed in Fernvale
Search Fernvale listings →Frequently asked questions about Fernvale
What should I check before investing in Fernvale?
Fernvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Fernvale?
The median property price in Fernvale, VIC 3701 is $805K for houses.
What rental yield does Fernvale show?
The gross rental yield in Fernvale is 2.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Fernvale?
The current vacancy rate in Fernvale is 11.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Fernvale?
Fernvale has a population of approximately 1,101 residents, with a median age of 53.
Is Fernvale affordable to buy in?
A median house in Fernvale costs about 11.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Fernvale's population growing?
The population of Fernvale has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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