Suburb Profile Report for Ferntree Gully VIC (3156)

Ferntree Gully House: Median price $667,000, Annual capital growth 8.91%, Number of sales 371, Weekly median advertised rent $400

Ferntree Gully Unit: Median price $500,000, Annual capital growth 7.50%, Number of sales 116, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Ferntree Gully, 3156 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.61%.

Ferntree Gully,3156 was ranked 1862 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Ferntree Gully should be aiming for at least -2.82% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 371 properties changed hands in Ferntree Gully, which puts it as the 36th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Property investors who have had real estate in Ferntree Gully, 3156 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%

While Ferntree Gully,3156 ranked number 139th in VIC for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.

Ferntree Gully3156 is located in VIC which offers an average discount of -5.07% to property investors. Ferntree Gully itself is showing figures that indicate -9.61% is the average achievable by property buyers investing in the suburb.

Ferntree Gully is 270th on a list of best yielding suburbs for rents in VIC with a 3.64% return

Don Stevenson Information supplied by:

Don Stevenson
Stevenson Ferris

M (03) 9763 9000
O 0418 313 113

W www.stevensonferris.com.au
E don@stevensonferris.com.au
Ferntree Gully is a great suburb within the City of Knox. Housing around 10,000 dwellings, Ferntree Gully residents are part of the gateway to the Dandenongs, enjoying the picturesque scenery and lush flora of the surrounding National Parks. Many community groups meet in Ferntree Gully where it is a great place for picnics and exercise. With local shopping centres servicing the tight knit community, and the choice of various primary and secondary schools in the area, great public transport options, and Eastlink within an easy commute, every resident has fantastic facilities close at hand.Full summary

Selling points: Ferntree Gully is a great suburb within the City of Knox. Housing around 10,000 dwellings, Ferntree Gully residents are part of the gateway to the Dandenongs, enjoying the picturesque scenery and lush flora of the surrounding National Parks.  Many community groups meet in Ferntree Gully where it is a great place for picnics and exercise. With local shopping centres servicing the tight knit community, and the choice of various primary and secondary schools in the area, great public transport options, and Eastlink within an easy commute, every resident has fantastic facilities close at hand.

 

Most sought-after properties: 

Properties that suit the first home buyer and property investors are the greatest in demand. At a lower price level offering greater “value for money” than neighbouring Wantirna South, Wheelers Hill and Lysterfield, the suburb of Ferntree Gully has always been well sought after.

 

Most common properties:  

Typically, 3 bedroom homes of the area have 1 bathroom and 1 living area, and the larger family homes consist of 4 bedrooms, 2 bathrooms and 2 living areas, generally on an average block size of 730sqm. Larger blocks are always sought after for the purpose of subdividing, where new unit developments are common. 

 

Top amenities: 

Eastlink (Scoresby Freeway), Ferntree Gully Shopping Centre, Mountain Gate Shopping Centre, Tim Neville Arboretum, The 1000 steps walk, William Angliss Hospital and First National Real Estate Stevenson Ferris (of course!)

 

Local industry and business:

Several industries blend well together in Ferntree Gully with a great mix of residential, commercial, industrial, retail, office, schools and recreation facilities close at hand in respective zones.

 

Recent changes: 

The addition of Eastlink allows for direct non-stop access to the City within 40 minutes and access to popular beaches and holiday spots within 45 minutes in the other direction.

 

Best streets: Knox Bridge estate.

 

 

Public transport: Numerous bus services with access to Knox City Shopping Centre, various schools, shops, whilst linking with neighbouring suburbs. Ferntree Gully Train station, Upper Ferntree Gully Train Station on hand as well.

 

Main arteries: Eastlink (Scoresby Freeway), Ferntree Gully Road, Burwood Highway

Close
Metrics i HOUSE UNIT
$667,000 $500,000
1.83% 1.52%
9.61% 11.11%
8.91% 7.50%
$400 $350
371 116
3.12% 3.64%
29.83 42.6

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Ferntree Gully VIC
Demographics
Total population 25585
Median household income ($/weekly) 1277
Median age of persons 38
Median housing loan repayment ($/monthly) 1700
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 3119 12.2
    25-34 years 3564 13.9
    35-44 years 3836 15.0
    45-54 years 3610 14.1
    55-64 years 3225 12.6
    Others 8231 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 9590 49.1
    Not Married 8150 41.8
    Defacto Relationship 1777 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 19199 77.5
    Indonesia 262 1.1
    Papua New Guinea 312 1.3
    United Kingdom 1674 6.8
    Other 711 2.9
    Others 2626 10.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 552 2.4
    Christianity 15032 64.0
    Hinduism 210 0.9
    Other Religious Groups 189 0.8
    No Religion 7332 31.2
    Others 163 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 795 9.4
    $1,000-$1,249 863 10.2
    $1,250-$1,499 824 9.7
    $1,500-$1,999 1348 15.9
    $2,000-$2,499 913 10.8
    Others 3750 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8588 42.4
    Not in the labour force 6315 31.2
    Employed, worked part-time 3972 19.6
    Employed, away from work 748 3.7
    Unemployed, looking for work 629 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1327 10.0
    Professionals 2250 16.9
    Technicians & trades workers 2435 18.3
    Clerical & administrative workers 2295 17.2
    Sales 1332 10.0
    Others 3672 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 441 7.6
    Infants/Primary 2008 34.4
    Secondary 1695 29.0
    Technical or Further Educational Institution 669 11.5
    University or other Tertiary Institutions 768 13.2
    Others 258 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 22650 92.4
    Semi-detached, row or terrace house, townhouse 1014 4.1
    Flat, unit or apartment 816 3.3
    House or flat attached to a shop, office 32 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 4350 47.2
    Fully owned 3096 33.6
    Rented 1700 18.4
    Other tenure type 70 0.8
    Tenure Type
Census 2011, ABS
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