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Ferryden Park suburb profile

Ferryden Park is a vibrant suburb located approximately 8km northwest of Adelaide's CBD, known for its diverse community and convenient urban living. The area has undergone significant redevelopment, transforming into a modern residential hub with a mix of contemporary homes and established properties. Residents enjoy access to local amenities, including shopping centres, parks, and schools, making it an ideal location for families and professionals. With its proximity to public transport and major roadways, Ferryden Park offers easy connectivity to the city and surrounding areas, enhancing its appeal as a desirable place to live.

Ferryden Park property market performance

Ferryden Park's property market has experienced significant growth over the past 12 months, with house values increasing by 15.9%. The current median house price stands at $900,000, reflecting strong demand in the area. However, the unit market remains stagnant, with no change in median value and minimal sales activity.

In the past three months, 15 houses have been sold, with properties spending a median of 57 days on the market. The unit market has seen negligible activity, indicating a lack of demand or supply in this segment.

The rental market for houses in Ferryden Park has also seen growth, with average rents increasing by 8.3% over the last 12 months, reaching $650. The unit rental market remains inactive, with no recorded changes.

HousesUnits
Median price
Past 3 months
$905KN/A
Change in value
Past 12 months
14.6%N/A
Sold
Past 3 months
122
Median days on market
Past 12 months
55N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
8.3%N/A

5 year median price trend for houses and units

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Ferryden Park demographics

Ferryden Park, located in the western suburbs of Adelaide, is a community-oriented suburb known for its diverse population and family-friendly environment. With a population of 4,495 and a median age of 37, it is a suburb that balances the vibrancy of youth with the stability of established families. The area is characterized by a strong presence of couple families with children, making up 47% of the family demographic, which highlights its appeal to young families seeking a supportive community to raise their children.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 43.8% of the housing market. This indicates a level of flexibility and accessibility for those who prefer renting over homeownership. Meanwhile, 23.3% of properties are owned outright, and 32.9% are owned with a mortgage, reflecting a balanced mix of long-term residents and new homeowners entering the market. This diversity in property ownership contributes to a dynamic and inclusive community atmosphere.

Ferryden Park's median total household income of $1,253 per week suggests a modest yet stable economic environment, supporting a comfortable lifestyle for its residents. The suburb's proximity to Adelaide's city center, combined with its local amenities and parks, makes it an attractive option for those seeking a suburban lifestyle with easy access to urban conveniences. Overall, Ferryden Park offers a welcoming and supportive environment for families, professionals, and retirees alike, making it a desirable place to call home.

Suburbs near Ferryden Park

Some popular suburbs near Ferryden Park include:

How does Ferryden Park compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Ferryden Park have grown 2.9% higher than in Athol Park.
  • Selling speed for houses: Properties in Ferryden Park are selling 11.3% faster than in Angle Park.
  • Investment considerations: In Ferryden Park, the rental yield for house is 2.8% higher than the Adelaide average, while the rental yield for units is 8.9% lower.
  • House price growth: Over the past 12 months, house prices in Ferryden Park have grown 4.6% lower than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Ferryden Park have grown 17.3% lower than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Ferryden Park

Choosing the right real estate agent in Ferryden Park can have a big impact on your sale. While there are 28 real estate agents working in the suburb, but just 5 of them were responsible for 38.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.19% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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