Fernhill is a small community in New South Wales within the Wollongong local government area (postcode 2519). With a population of 987, the suburb has a mature demographic with a median age of 45. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Fernhill is $1.3 million, having surged 11.8% over the past year. Units have a median price of $1.0 million (+11.9% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Fernhill offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 22.1x is considered stretched. House prices have moved +11.8% year-on-year.
Fernhill is a small community in New South Wales within the Wollongong local government area (postcode 2519). With a population of 987, the suburb has a mature demographic with a median age of 45. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Fernhill is $1.3 million, having surged 11.8% over the past year. Units have a median price of $1.0 million (+11.9% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Fernhill offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 22.1x is considered stretched. House prices have moved +11.8% year-on-year.