Ferntree Gully

POSTAL CODE: VIC, 3156
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $930,000.

The upward trend in home prices in FERNTREE GULLY, 3156 averaged 2.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $615 mark, reflecting a 3.44% increase in returns based on the current median price in FERNTREE GULLY.

An average of 28.5 real estate transactions take place per month in FERNTREE GULLY which translates to 342 per annum.

342 properties were sold in FERNTREE GULLY in 2016, making it the 223rd most active market in VIC based on total real estate transactions.

FERNTREE GULLY, 3156 places 326th in Australia based on median property value growth during the quarter.

Surburb overview

Ferntree Gully is an outer-eastern suburb of Melbourne located within the City of Knox at the western foothills of the Dandenong Ranges. The suburb is situated approximately 32 kilometres east of the Melbourne central business district and is bordered by Boronia, Upper Ferntree Gully, Lysterfield and The Basin.

Ferntree Gully recorded a population of around 27,000 residents at the 2021 census, reflecting its role as a significant residential area within Melbourne’s outer east. The demographic profile includes families, professionals and older residents, with a median age slightly above the metropolitan average. 

Home ownership rates are relatively high, indicating a stable residential base and long-term settlement patterns. Housing in Ferntree Gully is predominantly detached dwellings, with a mix of older homes and more recent infill development. Townhouses and low-rise apartments are increasingly evident near transport corridors and local activity centres, while hillside areas retain lower-density housing.

Public transport access is a defining feature, with Ferntree Gully railway station located on the Belgrave line. The station provides direct train services to the Melbourne CBD and eastern suburbs and is supported by local bus routes connecting surrounding neighbourhoods.

Road connectivity is centred on Burwood Highway and Wellington Road, which provide east–west links and access to nearby arterial networks. EastLink and major roads such as Dorset Road and Mountain Highway are accessible within a short driving distance.

Local retail and service amenities are concentrated around the Ferntree Gully village and nearby shopping strips, offering supermarkets, cafés, medical clinics and everyday retail. Additional commercial and employment opportunities are available in neighbouring suburbs, including Boronia and Knoxfield. Educational facilities in and around Ferntree Gully include several primary and secondary schools, supporting family households.

Recreational amenities are a significant feature, with proximity to the Dandenong Ranges National Park providing access to bushwalking tracks, picnic areas and nature reserves. The Kokoda Track Memorial Walk, commonly known as the 1000 Steps, is a prominent local landmark attracting visitors for fitness and recreation. Local parks, sporting reserves and shared walking and cycling paths support both organised sport and informal recreation.

Employment among residents spans education, health care, retail, trades and professional services, with many commuting to employment centres across Melbourne’s east. Ferntree Gully’s combination of rail access, established housing and proximity to forested landscapes defines its role as a key residential suburb within Melbourne’s outer east.

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