AREA REPORTS

Ferntree Gully

Suburb Profile

Ferntree Gully - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3156

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $756,000.

The upward trend in home prices in FERNTREE GULLY, 3156 averaged 15.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $410 mark, reflecting a 2.82% increase in returns based on the current median price in FERNTREE GULLY.

An average of 28.83 real estate transactions take place per month in FERNTREE GULLY which translates to 346 per annum.

346 properties were sold in FERNTREE GULLY in 2016, making it the 148th most active market in VIC based on total real estate transactions.

FERNTREE GULLY, 3156 places 407th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $756,000 $555,500
GROWTH REPORT
Median Quarterly 1.08% 2.49%
Median 12 month 11.18% 11.1%
Median 3 years 46.8% 35.99%
Median 5 years 76.74% 52.09%
10 years average annual 8.56% 7.35%
Weekly media advert. rent $410 $365
Time on Market 34.5 days 45.9 days
Gross Rental Yield Percent 2.82% 3.42%
demographics (median values)
Total Population
24724
Weekly Household Income
1053
Household Size
2.60
demographics
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