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 $747,000.
The upward trend in home prices in FERNTREE GULLY, 3156 averaged 16.04% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 2.78% increase in returns based on the current median price in FERNTREE GULLY.
An average of 30.08 real estate transactions take place per month in FERNTREE GULLY which translates to 361 per annum.
361 properties were sold in FERNTREE GULLY in 2016, making it the 151st most active market in VIC based on total real estate transactions.
FERNTREE GULLY, 3156 places 295th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.05%||6.48%|
|Median 3 years||48.13%||30.86%|
|Median 5 years||75.76%||48.25%|
|10 years average annual||9.08%||7.58%|
|Weekly media advert. rent||$400||$350|
|Time on Market||30.5 days||34.9 days|
|Gross Rental Yield Percent||2.78%||3.43%|