upper ferntree gully

3156, Victoria

Real Estate & Property Information

Median
Price Rank
357

upper ferntree gully Suburb Profile & Review

A beautiful township set in the foothills of the Dandenong Ranges, Upper Ferntree Gully is home to the Ferntree Gully Park, where nature lovers and the fitness conscious can climb the 1000 steps at the Kokoda Track Memorial Walk or picnic at the Ferntree Gully Picnic Ground. Kings Park also boasts space for cricket, football and athletics.

There are restaurants and retail stores at Ferntree Plaza, while an incredibly popular weekend market overtakes the Upper Ferntree Gully railway station carpark. Angliss Hospital offers healthcare and aged care services to the wider community. There is one school, Upper Ferntree Gully Primary School, which is celebrated for its visual and performing arts.

From Upper Ferntree Gully Station, trains run to Flinders Street Station on the Belgrave line. Three bus routes also travel through the township on their way to Croydon, Oakleigh and Box Hill, providing residents with easy and frequent access to public transport services.

upper ferntree gully Demographic Data

$ 400,000 Median House Price

40 Minutes Average Commute

39 Median Age

3,221 Population

49.61 % Female

50.39 % Male

845 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 upper ferntree gully, Victoria.

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upper 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.

upper ferntree gully Median House Prices

  • 2008 $ 324,500
  • 2009 $ 365,000
  • 2010 $ 350,000
  • 2011 $ 427,500
  • 2012 $ 400,000

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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upper 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 upper 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 upper ferntree gully property price predictions.

upper ferntree gully Market Property Types

  • 94 % Seperate House
  • 1 % Semi Detached
  • 5 % Flat or Unit
  • 1 % 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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upper 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.

upper ferntree gully Income & Mortgage Stats

  • $ 1,403 Median Weekly Household Income
  • $ 1,655 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 upper 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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upper 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.

upper ferntree gully Sold Property Prices

upper 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.

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upper ferntree gully Restaurants

  • Caesar's Italian Cuisine1182 Burwood Hwy upper ferntree gully VIC 315603 9758 0544

upper ferntree gully Schools

  • Upper Ferntree Gully Primary SchoolTalaskia Roadupper ferntree gully VIC 3156(03) 9758 1527State Primary School

upper ferntree gully Childcare

  • Coonara Community House20 Willow Roadupper ferntree gully VIC 3156
  • Talaskia Community Child CareEdward Streetupper ferntree gully VIC 3156

upper ferntree gully Kindergarten and Preschools

  • Upper Ferntree Gully Kinder1 Rollings Roadupper ferntree gully VIC 3156

upper ferntree gully Sporting Centres and Clubs

  • Sherbrooke, Kings ParkWillow Rdupper ferntree gully VIC 3156Athletics Club
  • Little Athletics Centres, Sherbrooke, Kings Parkupper ferntree gully VIC 3156Athletics Club
  • Upwey-Ferntree Gullyupper ferntree gully VIC 3156Baseball Club

Find out How Much your House is Worth in upper ferntree gully

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