ferntree gully

3156, Victoria

Real Estate & Property Information

Median
Price Rank
316

ferntree gully Suburb Profile & Review

Set in the steep hills and national forests of the Dandenong Ranges, Ferntree Gully is an ideal area for active young families. Commuters can reach the inner city in forty minutes from Ferntree Gully Station. A number of good kindergartens, primary schools and secondary schools are available in the area, while a Swinburne University campus can be found in neighbouring Scoresby, and Monash University and Deakin University are both only fifteen minutes away.

Mountain Gate Shopping Centre on the corner of Ferntree Gully Road and Burwood Highway has a Safeway, a Coles, a bookstore, a newsagency, butchers, bakeries and many other specialty stores. Ferntree Gully is also on the doorstep of Knox City Shopping Centre in Wantirna, with its 350 specialty shops and fifteen-screen state-of-the-art cinema complex.

Ferntree Gully is renowned for its scenery. The astonishing Dandenong Ranges National Park provides a perfect backdrop for bushwalking, cycling and picnicking. Climb the 1000 steps at the Kokoda Track Memorial Walk, enjoy a picnic at the Ferntree Gully Picnic Ground, or experience the rainforest-like atmosphere of the Ferntree Gully Creek on the Ramblers Track Loop Walk.

ferntree gully Demographic Data

$ 430,000 Median House Price

39 Minutes Average Commute

38 Median Age

25,585 Population

50.54 % Female

49.46 % Male

7151 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in ferntree gully, Victoria.

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ferntree gully Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

ferntree gully Median House Prices

  • 2008 $ 320,000
  • 2009 $ 347,788
  • 2010 $ 380,000
  • 2011 $ 447,250
  • 2012 $ 430,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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ferntree gully 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in ferntree gully have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term ferntree gully property price predictions.

ferntree gully Market Property Types

  • 89 % Seperate House
  • 6 % Semi Detached
  • 5 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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ferntree gully Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

ferntree gully Income & Mortgage Stats

  • $ 1,277 Median Weekly Household Income
  • $ 1,700 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in ferntree gully

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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ferntree gully Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

ferntree gully Sold Property Prices

ferntree gully Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

ferntree gully Related Local Blog Posts

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

ferntree gully Restaurants

  • Tin Wong Palace716 Burwood Highwayferntree gully VIC 315603 9758 9221
  • The Indian Restaurant42 Forest Rd ferntree gully VIC 315603 9752 3443
  • Shiraaz4/1206 Burwood Highway ferntree gully VIC 315603 9753 5666

ferntree gully Cafes

  • Edina Cafe30 Edina Roadferntree gully VIC 315603 9753 6548
  • Fern Gully Bakery100 Station Streetferntree gully VIC 315603 9752 3491
  • Coffee Bliss7/101 Station Streetferntree gully VIC 315603 9753 5058

ferntree gully Schools

  • St. Josephs5 Brenock Park Driveferntree gully VIC 3156(03) 9758 2000Catholic Secondary School
  • St. John the Baptist Primary School17 Forest Roadferntree gully VIC 3156(03) 97581013Catholic Primary School
  • Knoxbrooke Centre ATSS977 Burwood Highwayferntree gully VIC 3156(03) 9758 3666Specialist School

ferntree gully Childcare

  • ABC Learning Centre82 Bellfield Drferntree gully VIC 3156
  • Amaroo Child Care Centre65 Dorset Roadferntree gully VIC 3156
  • Ferntree Gully Childrens Ctr2 Westley Streetferntree gully VIC 3156

ferntree gully Kindergarten and Preschools

  • Alexander Magit Kindergarten11 Harwell Roadferntree gully VIC 3156
  • Alice Johnson KindergartenPark Bvdferntree gully VIC 3156
  • Bena Angliss Kindergarten30b Forest Roadferntree gully VIC 3156

ferntree gully Sporting Centres and Clubs

  • Ferntree Gullyferntree gully VIC 3156Bowling Club
  • Knox City Council Netballferntree gully VIC 3156Netball Club
  • Mountain Gate Tennis Club, Jones Parkferntree gully VIC 3156Tennis Club & Courts

ferntree gully Retirement Villages

  • Glengollan Village for Aged Peopleferntree gully VIC 3156

Find out How Much your House is Worth in ferntree gully

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