Suburb Profile Report for Ferntree Gully VIC (3156)

Ferntree Gully House: Median price $720,000, Annual capital growth 6.46%, Number of sales 292, Weekly median advertised rent $440

Ferntree Gully Unit: Median price $551,000, Annual capital growth 5.42%, Number of sales 129, Weekly median advertised rent $395

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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Ferntree Gully, 3156 ranked 365th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ferntree Gully is one of 2099 in our list for VIC

While Ferntree Gully,3156 ranked number 142th in VIC for increase in median house value (annualised) increase, it is ranked 311th over the last 5 years.

Property buyers and investors in Ferntree Gully 3156 should be seeing an average reduction in asking price of around -6.40% . This means that Ferntree Gully is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $440 mark per week – giving a return of 3.18% based on the median price in Suburb

With a capital gain of -0.45% for the last 12 months, Ferntree Gully, 3156 has performed for property investments than its average annual 5.42% property growth over the last 5 years.

Ferntree Gully,3156 has offered an average of -0.45% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Ferntree Gully 3156 should be seeing an average reduction in asking price of around -7.11% . This means that Ferntree Gully is holding prices well when compared to other suburbs in VIC.

At number 305 in a list of fastest selling suburbs, Ferntree Gully is in the TOP 30% of suburbs in Australia with an average of days on market 59.5195 for properties listed there.

Situated 28.90km from the CBD, Ferntree Gully is one of Knox (C) localities in the postcode 3156.

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	$720,000	$551,000
Quarterly growth	4.35%	3.28%
12-month growth	2.86%	-0.45%
Average Annual Growth	6.46%	5.42%
Weekly median advertised rent	$440	$395
Number of sales	292	129
Gross rental yield	3.18%	3.73%
Days on market	43.8731343283582	59.5194805194805

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