Get a property report and suburb profile for any property in Ferntree Gully

Ferntree Gully sits at the gateway to the Dandenong Ranges, with stands of rainforest, fern gullies and easy access to the national park and walking tracks. The suburb mixes established postwar homes and weatherboard cottages on tree-lined streets with pockets of newer townhouses, attracting people who value space and nature while keeping commuter links via the Belgrave line and the Burwood Highway. A compact village strip around the train station provides cafes, shops and community services, and weekends often centre on bushwalking, picnics and the nearby historic steam railway.

Families are the dominant household type, with couple families with children the largest group (45.9%), and most homes are owner-occupied (78.2%). Ongoing local works — park upgrades at Wally Tew Reserve and HV Jones Reserve, a Kings Park dog-park upgrade, a purpose-built seniors exercise park, a government-funded social housing project, and rail works that have required temporary replacement bus stops — show investment in public spaces and services. Whether Ferntree Gully suits you will depend on what you want from a suburb.

Buying in Ferntree Gully sits well above what local households earned at the last Census. A median house price of $918,000 is about 10.0 times a typical local household's annual income at the last Census, while the median unit price of $693,500 is around 7.5 times that annual income.

Renting also takes a noticeable share of income. A house rent of $650 a week would be about 36.7% of a typical local household's weekly income at the last Census, and a unit rent of $550 a week would be about 31.1%. Both fall in the sizeable-share band of income, so buying is further above local incomes and renting still represents a sizeable outlay; which matters more depends on whether you plan to buy or rent and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Ferntree Gully climbed 9.8% over the past year, a solid rise, while unit values increased 8.1%, also a solid gain. On the rental side, house rents rose 6.6% (solid) and unit rents rose 4.2%, a modest increase. Houses were the stronger performer on both value and rent growth over the 12 months.

The figures show capital growth outpaced rental growth for both houses and units in Ferntree Gully during the year. If rental income is your priority, the 6.6% rise in house rents is the most relevant figure; if capital growth matters more, the value increases are the numbers to consider. Whether that balance fits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.