Fern Bay (2295) is a suburb in New South Wales that continues to attract attention from both homeowners and investors. Located approximately 124km from the Sydney CBD, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Fern Bay has a population of approximately 4,046, a median age of 53, a median weekly household income of $1,600. With 73% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 22.9% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (15.1%), Construction (11.3%), Retail Trade (10.2%).
The current median house price in Fern Bay is $1,015,000. Average annual growth sits at 6.9% over five years, reflecting steady capital appreciation. In the past 12 months, prices have increased 6.28%.
Properties in Fern Bay spend an average of 19 days on market. Online buyer demand is currently rated as average online demand. Stock on market sits at 0.39%. With inventory levels at just 1.03 months, supply is tight relative to demand. The average vendor discount is -1.9%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Fern Bay is $750. Gross rental yield is 3.84%, which is typical for a growth-oriented market. The vacancy rate of 0.49% signals very strong rental demand. Rents have grown 4.17% over the past 12 months.
The broader local government area is forecast to grow from 89,396 to 95,190 residents by 2031, representing 6.5% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Stockton, NSW, Carrington, NSW, Islington, NSW, Tighes Hill, NSW, Wickham, NSW.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Fern Bay or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.