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.