Ferntree Gully vs Rye
Property investment comparison - Ferntree Gully, VIC 3156 vs Rye, VIC 3941
Head-to-head across core investment metrics: Ferntree Gully wins 1, Rye wins 3. 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 | Rye |
|---|---|---|
| Median house price | $950K | $950K |
| Median unit price | $710K | $585K |
| Gross rental yield (houses) | - | 3.38% |
| Gross rental yield (units) | 4.33% | 4.50% |
| 1-year house growth | +7.1% | -5.1% |
| 3-year house growth | - | -15.5% |
| Vacancy rate | 2.0% | 1.7% |
| Population | 27,398 | 9,438 |
Ferntree Gully vs Rye: what the numbers say
Houses cost about the same in both suburbs: the median house price is $950K in Ferntree Gully and $950K in Rye.
For units, Ferntree Gully sits at a median of $710K against $585K in Rye, which makes Rye the more affordable unit market and Ferntree Gully the pricier one.
Over the past year house prices moved +7.1% in Ferntree Gully and -5.1% in Rye, so recent momentum favours Ferntree Gully, while Rye went backwards.
Rental vacancy is 1.7% in Rye and 2.0% in Ferntree Gully, so landlords in Rye 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 9,438, roughly 2.9 times the size of Rye; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ferntree Gully for recent price momentum, Rye 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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