Ferntree Gully vs Geelong
Property investment comparison - Ferntree Gully, VIC 3156 vs Geelong, VIC 3220
Head-to-head across core investment metrics: Ferntree Gully wins 2, Geelong wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Ferntree Gully | Geelong |
|---|---|---|
| Median house price | $950K | $950K |
| Median unit price | $710K | $590K |
| Gross rental yield (houses) | - | 3.34% |
| Gross rental yield (units) | 4.33% | 4.56% |
| 1-year house growth | +7.1% | +6.0% |
| 3-year house growth | - | -7.2% |
| Vacancy rate | 2.0% | 2.3% |
| Population | 27,398 | 5,811 |
Ferntree Gully vs Geelong: what the numbers say
Houses cost about the same in both suburbs: the median house price is $950K in Ferntree Gully and $950K in Geelong.
For units, Ferntree Gully sits at a median of $710K against $590K in Geelong, which makes Geelong the more affordable unit market and Ferntree Gully the pricier one.
Over the past year house prices moved +7.1% in Ferntree Gully and +6.0% in Geelong, so recent momentum favours Ferntree Gully, although both suburbs recorded growth.
Rental vacancy is 2.0% in Ferntree Gully and 2.3% in Geelong, so landlords in Ferntree Gully face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ferntree Gully is the bigger suburb, with a population of 27,398 against 5,811, roughly 4.7 times the size of Geelong; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ferntree Gully for recent price momentum, Ferntree Gully for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Ferntree Gully, VIC 3156
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