Suburb Profile Report for Ferntree Gully VIC (3156)

Ferntree Gully House: Median price $732,500, Annual capital growth 6.21%, Number of sales 270, Weekly median advertised rent $430

Ferntree Gully Unit: Median price $580,000, Annual capital growth 5.72%, Number of sales 107, Weekly median advertised rent $395

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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 7.72%

While Ferntree Gully,3156 ranked number 276th in VIC for increase in median house value (annualised) increase, it is ranked 359th over the last 5 years.

At number 210th of VIC’s most discounted properties, Ferntree Gully is in the middle of the state/territory when listing in order of most discounted to least.

The VIC suburb of Ferntree Gully, 3156 is in the Knox (C) local government area.

Investment property in Ferntree Gully has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.54%

While Ferntree Gully,3156 ranked number 40th in VIC for increase in median house value (annualised) increase, it is ranked 100th over the last 5 years.

Ferntree Gully3156 is located in VIC which offers an average discount of -4.18% to property investors. Ferntree Gully itself is showing figures that indicate -4.32% is the average achievable by property buyers investing in the suburb.

In the last year 107 properties changed hands in Ferntree Gully, which puts it as the 68th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $395 mark per week – giving a return of 3.54% based on the median price in Suburb

Information supplied by:

Don Stevenson
Stevenson Ferris

M (03) 9763 9000
O 0418 313 113

W www.stevensonferris.com.au
E [email protected]

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

Metrics	HOUSE	UNIT
Median price	$732,500	$580,000
Quarterly growth	1.74%	5.74%
12-month growth	7.72%	11.54%
Average Annual Growth	6.21%	5.72%
Weekly median advertised rent	$430	$395
Number of sales	270	107
Gross rental yield	3.05%	3.54%
Days on market	35.3216783216783	55.6153846153846

DSR Score for property investment : Very good (H), Good (U)

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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