Upper Ferntree Gully is in Knox LGA, VIC, postcode 3156, with population 3,417.
Price, rent, or affordability signals are lining up without a clear local red flag, and the broader demand backdrop is at least supportive. Treat this as a suburb worth comparing seriously, then stress-test it in the calculator before making a conviction call.
Gross yield screens at about 6.2%. Entry price sits in the lower-cost range for a first-pass screen. Transport coverage adds a practical access signal.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $2,000/mo, while renters pay about $2,600/mo — renting runs $600/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Upper Ferntree Gully (postcode 3156) is a compact suburb in Victoria within the Knox local government area. It is home to about 3,417 residents, with an established demographic and a median age of 41. Households earn a median income of $106K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Upper Ferntree Gully is $500,000, broadly unchanged over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.2%. 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 shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($500K/$875K), which can point to relative value. The price-to-income ratio of 4.7x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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There is enough direct local evidence on Upper Ferntree Gully for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Upper Ferntree Gully is in the Knox Local Government Area, VIC, postcode 3156. Council-level context for Knox LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Upper Ferntree Gully, VIC is $500K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Upper Ferntree Gully is $600/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
Rent-led investor candidate: Gross rent yield screens at about 6.2%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Upper Ferntree Gully show: High Yield, Below Median, Affordable. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.