Upper Ferntree Gully is a smaller suburb in Victoria within the Knox local government area (postcode 3156). With a population of 3,417, the suburb has an established demographic with a median age of 41. Households earn a median income of $106K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Upper Ferntree Gully is $500,000, having remained flat 0% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $2,000.
Upper Ferntree Gully is served by 1 school, including 1 primary. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 4 rail stations, 10 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Upper Ferntree Gully offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved +0.0% year-on-year.
Upper Ferntree Gully is a smaller suburb in Victoria within the Knox local government area (postcode 3156). With a population of 3,417, the suburb has an established demographic with a median age of 41. Households earn a median income of $106K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Upper Ferntree Gully is $500,000, having remained flat 0% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $2,000.
Upper Ferntree Gully is served by 1 school, including 1 primary. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 4 rail stations, 10 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Upper Ferntree Gully offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved +0.0% year-on-year.