Located in Queensland within the Brisbane local government area, Ferny Grove is a mid-sized suburb (postcode 4055). The area has roughly 5,871 residents and an established demographic, with a median age of 41. Households earn a median income of $114K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Ferny Grove sit at $1.3 million, little changed on a year ago. The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Ferny Grove is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 15 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Ferny Grove shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.