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Ferntree Gully
AREA REPORTS

Ferntree Gully

Ferntree Gully - 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 $807,000.

The upward trend in home prices in FERNTREE GULLY, 3156 averaged 2.25% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 2.84% increase in returns based on the current median price in FERNTREE GULLY.

An average of 26.25 real estate transactions take place per month in FERNTREE GULLY which translates to 315 per annum.

315 properties were sold in FERNTREE GULLY in 2016, making it the 348th most active market in VIC based on total real estate transactions.

FERNTREE GULLY, 3156 places 414th in Australia based on median property value growth during the quarter.

Data report can be found below

Ferntree Gully
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $807,000 $617,500
GROWTH REPORT
Median Quarterly 3.33% 2.92%
Median 12 month 8.69% 5.44%
Median 3 years 6.75% 4.22%
Median 5 years 32.3% 33.95%
10 years average annual 6.51% 5.71%
Weekly media advert. rent $440 $405
Time on Market 39.8 days 53.8 days
Gross Rental Yield Percent 2.84% 3.41%
demographics (median values)*
Total Population
37464
Weekly Household Income
1603
Household Size
2.70
Age
39
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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