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Ferntree Gully suburb profile

Ferntree Gully is a picturesque suburb nestled at the foothills of the Dandenong Ranges, approximately 32km east of Melbourne's CBD. Known for its lush greenery and natural beauty, it offers residents a tranquil lifestyle with easy access to outdoor activities in the nearby national parks. The suburb features a mix of charming older homes and modern developments, catering to families and nature enthusiasts alike. Ferntree Gully boasts a strong community spirit, with local markets, schools, and recreational facilities contributing to its appeal. Its blend of suburban comfort and scenic surroundings makes it a desirable location for those seeking a peaceful yet connected lifestyle.

Ferntree Gully property market performance

Current median dwelling price$834,000Past 3 months

Property growth+9.2%Past 12 months

Ferntree Gully's property market has experienced robust growth over the past 12 months, with house values increasing by 8.9% and unit values rising by 8.2%. The current median house price stands at $950,000, while the median unit price is $708,000, indicating strong demand across both property types.

Sales activity has been active, with 58 houses and 29 units sold over the past 12 months. Properties are moving quickly, with houses spending a median of 23 days on the market and units just 16 days, reflecting a competitive market environment.

The rental market in Ferntree Gully has also seen notable increases, with average rents for houses rising by 6.7% and units by 5.8% over the last year, suggesting sustained demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$960K$708K
Change in value
Past 12 months
10.3%8.1%
Sold
Past 3 months
5732
Median days on market
Past 12 months
2316
Average rent
Past 12 months
$650$550
Change in rent
Past 12 months
8.3%5.8%

5 year median price trend for houses and units

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Ferntree Gully demographics

Ferntree Gully, nestled at the foothills of the Dandenong Ranges in Melbourne's eastern suburbs, is a family-friendly area known for its natural beauty and community-oriented lifestyle. With a population of 27,398, the suburb offers a serene environment while still being well-connected to the city. The median age of 40 suggests a mature community, with many families and long-term residents enjoying the balance of suburban tranquility and urban convenience.

The suburb's housing landscape is predominantly owner-occupied, with 34.5% of properties owned outright and 43.7% owned with a mortgage. This reflects a stable community with a strong sense of homeownership. Rental properties make up 21.7% of the housing market, catering to those seeking flexibility or transitioning into homeownership. The family-oriented nature of Ferntree Gully is evident, with 45.9% of households being couple families with children, and 35% being couple families without children, highlighting its appeal to both growing families and established couples.

Ferntree Gully's community is diverse, with one-parent families making up 17.6% of the population, and a small percentage of other family types contributing to the suburb's inclusive atmosphere. The median total household income of $1770 per week indicates a comfortable standard of living, supporting a range of local amenities, schools, and recreational facilities. The suburb's proximity to the Dandenong Ranges National Park offers residents ample opportunities for outdoor activities, making it an attractive location for those who appreciate nature and a close-knit community.

Ferntree Gully infrastructure, key developments and investment opportunities

Ferntree Gully continues to benefit from its established rail connection on the Belgrave line and proximity to major arterial roads, supporting strong commuter demand and underpinning buyer interest in the area.[5] The suburb’s access to extensive parkland, including parts of the Dandenong Ranges National Park and multiple local reserves, remains a key lifestyle drawcard that supports family demand and long-term desirability.[5][6]

Local amenities such as a community centre, library and a well-serviced shopping precinct with supermarkets and specialty retail provide convenient day-to-day living, which is attractive to both owner-occupiers and investors.[5] There are no widely reported new large-scale infrastructure or planning changes specific to Ferntree Gully at this time, so current property dynamics are primarily influenced by its existing transport links, schools, and recreational assets rather than major upcoming projects.[5][6]

Ferntree Gully rental market trends

The rental market in Ferntree Gully has experienced moderate growth, with house rents increasing by 6.7% over the past year to $640 per week, while unit rents have risen by 5.8% to $550 per week. This steady growth reflects the suburb's appeal, offering a balance of affordability and accessibility, making it an attractive option for both renters and investors.

Suburbs near Ferntree Gully

Some popular suburbs near Ferntree Gully include:

  • Upper Ferntree Gully: Nestled at the foothills of the Dandenong Ranges, Upper Ferntree Gully is located directly southeast of Ferntree Gully.
  • Boronia: Known for its shopping precincts and community facilities, Boronia is situated to the northwest of Ferntree Gully.
  • The Basin: Offering a semi-rural feel with lush greenery, The Basin lies to the north of Ferntree Gully.
  • Upwey: Characterized by its artistic community and scenic landscapes, Upwey is located to the east of Ferntree Gully.
  • Ferny Creek: Known for its tranquil environment and proximity to nature reserves, Ferny Creek is situated to the northeast of Ferntree Gully.

How does Ferntree Gully compare to nearby suburbs?

  • Median house prices: Ferntree Gully’s median house price is 6.1% higher than Upper Ferntree Gully’s.
  • Median unit prices: Ferntree Gully’s median unit price is 8.1% higher than Boronia’s.
  • House price growth: Over the past 12 months, house prices in Ferntree Gully have grown 8.8% higher than in Upper Ferntree Gully.
  • Unit price growth: Over the past 12 months, unit prices in Ferntree Gully have grown 0.8% higher than in Boronia.
  • Selling speed for houses: Properties in Ferntree Gully are selling 4.2% faster than in Upper Ferntree Gully.
  • Investment considerations: In Ferntree Gully, the rental yield for house is 3.2% higher than the Melbourne average, while the rental yield for units is 6.1% lower.
  • House price growth: Over the past 12 months, house prices in Ferntree Gully have grown 7.5% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Ferntree Gully have grown 20.3% higher than the average rate of growth for units across Melbourne.

Common questions about Ferntree Gully

  • Is Ferntree Gully a nice place to live?

    Ferntree Gully is a delightful suburb that offers a serene and family-friendly environment, perfect for those seeking a peaceful lifestyle amidst nature. Its location at the foothills of the Dandenong Ranges provides residents with stunning natural beauty and a plethora of outdoor activities. The suburb exudes a warm, community-oriented vibe, making it an inviting place for families to settle down. With a variety of local amenities, including schools, shops, and cafes, Ferntree Gully ensures that daily conveniences are never far away.

    Safety is generally not a major concern in Ferntree Gully, contributing to its appeal as a family-friendly suburb. The area is well-connected to Melbourne's CBD via the established rail line and major roads, making commuting straightforward for those who work in the city. While it may not offer the bustling nightlife of inner-city areas, Ferntree Gully more than compensates with its strong sense of community and access to extensive parklands and recreational facilities.

    Families will find Ferntree Gully particularly appealing due to its excellent schools and the abundance of green spaces for children to explore and play. However, one trade-off might be the quieter lifestyle, which may not suit those seeking a vibrant urban experience. Additionally, while the suburb is well-equipped with essential amenities, those looking for large-scale shopping or entertainment options might need to venture to nearby larger hubs. Overall, Ferntree Gully is a charming suburb that offers a balanced lifestyle, making it a lovely place to call home for families and nature enthusiasts alike.

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  • Is it expensive to live in Ferntree Gully?

    Ferntree Gully, nestled in the outer suburbs of Melbourne, offers a relatively affordable living option compared to many inner-city areas. The median house price in Ferntree Gully is currently $950,000, which is higher than some newer outer suburbs but still provides good value for those seeking larger properties and family homes. Units are slightly more budget-friendly, with a median price of $708,000.

    When it comes to renting, houses in Ferntree Gully average $640 per week, while units are about $550. This is fairly reasonable when compared to Melbourne's rental market. With the average wage in Victoria being approximately $105,000 per year, the cost of living in Ferntree Gully aligns well with the average income, making it a manageable option for many.

    Overall, Ferntree Gully strikes a balance between affordability and lifestyle benefits, offering a suburban feel without the hefty price tag of more central locations. If you're considering living in Ferntree Gully, it could be a great choice for those looking for a more spacious and cost-effective living environment while still being within reach of Melbourne's amenities.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Ferntree Gully a good place to invest?

    Ferntree Gully continues to be a promising suburb for investment, showing solid growth in both house and unit values over the past year. With an 8.9% increase in median house values and an 8.2% rise in unit values, the suburb demonstrates a healthy upward trend in property appreciation. This consistent growth is appealing for investors looking for stable, long-term returns.

    The rental market in Ferntree Gully is also thriving, with house rents increasing by 6.7% and unit rents by 5.8% over the last 12 months. This indicates strong demand from renters, which is a positive sign for investors seeking reliable rental income. The suburb's family-friendly environment and ongoing infrastructure improvements contribute to its attractiveness, making it a desirable location for both renters and buyers.

    Overall, Ferntree Gully offers a balanced investment opportunity with steady capital growth and a robust rental market. Its affordability and community appeal make it a solid choice for investors aiming for consistent returns and gradual property appreciation over time.

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Choose the right real estate agents in Ferntree Gully

Choosing the right real estate agent in Ferntree Gully can have a big impact on your sale. While there are 155 real estate agents working in the suburb, but just 5 of them were responsible for 24.9% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.71% to 2.57%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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