Ferntree Gully is a large suburb in Victoria within the Knox local government area (postcode 3156). With a population of 27,398, the suburb has an established demographic with a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ferntree Gully is $889,000, having dipped slightly 0.2% over the past year. Units have a median price of $675,000 (-0.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,918.
Ferntree Gully is served by 10 schools, including 6 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 7 rail stations, 129 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Ferntree Gully offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($889K/$875K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved -0.2% year-on-year.
Ferntree Gully is a large suburb in Victoria within the Knox local government area (postcode 3156). With a population of 27,398, the suburb has an established demographic with a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ferntree Gully is $889,000, having dipped slightly 0.2% over the past year. Units have a median price of $675,000 (-0.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,918.
Ferntree Gully is served by 10 schools, including 6 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 7 rail stations, 129 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Ferntree Gully offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($889K/$875K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved -0.2% year-on-year.