Suburb Profile Report for Upper Ferntree Gully VIC (3156)

Upper Ferntree Gully House: Median price $661,150, Annual capital growth 6.54%, Number of sales 52, Weekly median advertised rent $415

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

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

  • Expert Report
  • House Report

Giving property investors a an unimpressive capital gain of -5.28% for the last year, Upper Ferntree Gully, 3156 is the 3236th highest performer in Australia in this respect.

Comparing Upper Ferntree Gully,3156 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Upper Ferntree Gully, 3156 is offering VIC ‘s 206th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Upper Ferntree Gully, 3156’s gross rental yield is 3.26%

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Upper Ferntree Gully offers what few Melbourne suburbs can at affordable prices: great lifestyle choices. It is a roughly 50 minute drive or an hour train ride to the heart of the CBD, but has surroundings that closer resemble the countryside. 

“It’s a great location for picking up quarter acre blocks and larger for affordable prices, so it appeals to young families and couples wanting to move away from the inner city,” says Jarrod Peterson, senior sales consultant at Bell Real Estate-Belgrave. “There’s no new development going on in the area, so supply is also tight.” 

The area is well served by hospitals and sports facilities, with other amenities such as schools and shopping complexes in nearby suburbs. 

Best street(s):            Most expensive homes seem to cluster around Rose and Hughes St. Cheaper homes are generally found along Quarry Road and Railway Avenue.

Metrics i HOUSE UNIT
$661,150 N/A
3.47% N/A
-5.28% N/A
6.54% N/A
$415 N/A
52 N/A
3.26% N/A
43.2413793103448 N/A

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

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 3221
Median household income ($/weekly) 1403
Median age of persons 39
Median housing loan repayment ($/monthly) 1655
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 392 12.2
    25-34 years 345 10.7
    35-44 years 503 15.6
    45-54 years 486 15.1
    55-64 years 407 12.6
    Others 1089 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 1103 47.9
    Not Married 926 40.2
    Defacto Relationship 273 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2430 79.8
    Greece 31 1.0
    Papua New Guinea 38 1.2
    United Kingdom 259 8.5
    Other 73 2.4
    Others 215 7.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.4
    Christianity 1688 59.8
    Islam 9 0.3
    Other Religious Groups 14 0.5
    No Religion 1064 37.7
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 95 9.5
    $1,000-$1,249 107 10.7
    $1,500-$1,999 165 16.6
    $2,000-$2,499 119 11.9
    $2,500-$2,999 89 8.9
    Others 421 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 974 39.3
    Not in the labour force 792 31.9
    Employed, worked part-time 545 22.0
    Employed, away from work 98 4.0
    Unemployed, looking for work 71 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 182 11.3
    Professionals 295 18.2
    Technicians & trades workers 291 18.0
    Community & personal service workers 174 10.8
    Clerical & administrative workers 267 16.5
    Others 408 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 49 6.9
    Infants/Primary 234 32.8
    Secondary 211 29.6
    Technical or Further Educational Institution 74 10.4
    University or other Tertiary Institutions 108 15.1
    Others 37 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2781 95.9
    Flat, unit or apartment 105 3.6
    Semi-detached, row or terrace house, townhouse 9 0.3
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 555 51.6
    Fully owned 360 33.5
    Rented 156 14.5
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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