Property value increases in Upper Ferntree Gully have tracked close to the VIC average of 7.68% over the last 12 months.
Upper Ferntree Gully,3156 was ranked 1540 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Upper Ferntree Gully itself are offering an average vendor discount of -6.96% to real estate investors.
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 3.50%, without taking into account capital value appreciation, which has been averaging out at 6.85%.