Question 1

Is Upper Ferntree Gully a nice place to live?

Accepted Answer

Upper Ferntree Gully sits on the edge of the Dandenong Ranges National Park and is best known as a gateway to native forest, walking tracks and the Kokoda Track Memorial Walk, often called the 1000 Steps. The suburb has a compact village of cafes, shops and community facilities clustered near the Belgrave train line station, and streets lined with established trees and a mix of post-war weatherboard cottages, bungalows and larger timber or contemporary homes. It is home to 3,417 people with a median age of 41 and a typical household income of $2,039 a week. The community is dominated by couple families with children, and most homes are owner-occupied.

Local projects under way include an expansion to Angliss Hospital to add hospital and aged-care capacity, accessibility works at Upper Ferntree Gully station and public-transport links such as Route 688 from the Croydon interchange. Kings Park play-space improvements and community activities at Coonara Community House are also on the list. If you value ready access to bushland, local shops and rail connections, Upper Ferntree Gully makes a clear case; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Upper Ferntree Gully?

Accepted Answer

In Upper Ferntree Gully, a typical house rent of about $620 a week would take roughly 30.4% of a typical local household's weekly income as recorded at the last Census, which is a sizeable share of that household income. Buying looks more stretched: the median house price of $905,000 is about 8.5 times a typical local household's annual income at the last Census, putting purchase prices well above what people locally earned at that Census. If you're renting, the rent share is the key number; if you're looking to buy, the price multiple is the relevant measure.

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

Question 3

Is Upper Ferntree Gully a good place to invest?

Accepted Answer

House values in Upper Ferntree Gully edged up 1.1% over the past 12 months, a slight rise in what a house here is worth. For someone weighing the suburb up as an investment, that house figure speaks to capital growth over the year; there isn't enough recent data to report unit values or rents.

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.

	Houses	Units
Median price Past 3 months	$905K	N/A
Change in value Past 12 months	1.1%	N/A
Sold Past 3 months	15	2
Median days on market Past 12 months	27	N/A
Average rent Past 12 months	$620	N/A
Change in rent Past 12 months	N/A	N/A

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