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Ferndale is a charming suburb that offers a delightful blend of tranquility and convenience, making it a lovely place to call home. Known for its serene atmosphere and lush natural surroundings, Ferndale is nestled along the picturesque banks of the Canning River, providing residents with stunning views and ample opportunities for outdoor activities. The suburb's peaceful vibe is complemented by a strong sense of community, making it an ideal location for families looking for a supportive and friendly environment.

Families will find Ferndale particularly appealing due to its proximity to quality schools and essential amenities. The suburb is well-connected by public transport, with reliable bus services linking it to major hubs, ensuring easy access to shopping, dining, and entertainment options. While Ferndale may not boast the bustling nightlife of more urban areas, it offers a more relaxed lifestyle with plenty of green spaces, such as Ferndale Park, where residents can enjoy leisurely walks and picnics.

Safety is generally not a concern in Ferndale, contributing to its reputation as a family-friendly suburb. However, the trade-off for its peaceful environment is the lack of major new infrastructure projects or significant developments, which means that while the suburb maintains its charm, it may not experience rapid growth or change in the near future. This stability, however, is part of what makes Ferndale a desirable place for those seeking a long-term residence in a serene setting.

Living in Ferndale can be seen as moderately expensive, especially when compared to the average wages in Perth. The median house price in Ferndale is currently around $765,000. With no data available for unit prices, it seems the housing market is primarily focused on standalone homes. Renting a house in Ferndale costs about $685 per week, which is a significant expense for many.

The median total household income in Ferndale is $1,533 per week, which translates to roughly $79,716 per year. When compared to the average wage in Perth, which is approximately $95,000 annually, it suggests that residents in Ferndale may find it a bit challenging to manage housing costs, especially if they are earning below the Perth average. While Ferndale offers a suburban lifestyle, the cost of living, particularly in terms of housing, requires careful financial consideration for those thinking of making it their home.

Ferndale is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a significant 18% increase in median house values, indicating strong demand and a healthy growth trajectory. This upward trend in property values suggests that Ferndale is gaining popularity among buyers, which is a positive indicator for potential investors.

In addition to the rise in house values, rental prices for houses in Ferndale have also seen a substantial increase of 15.1% over the last 12 months. This suggests a robust rental market, making it an attractive option for investors seeking reliable rental income. However, it's worth noting that the unit market in Ferndale has remained stable, with no change in median values or rents over the past year. This stability could appeal to investors looking for a more predictable investment.

Overall, Ferndale presents a compelling opportunity for investment, particularly in the housing sector. The combination of rising property values and strong rental growth for houses makes it a suburb worth considering for those looking to invest in real estate. While the unit market remains steady, the growth in the housing market highlights Ferndale's potential as a solid investment choice.