Ferny Creek vs Pascoe Vale
Property investment comparison - Ferny Creek, VIC 3786 vs Pascoe Vale, VIC 3041
Head-to-head across core investment metrics: Ferny Creek wins 1, Pascoe Vale 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 | Ferny Creek | Pascoe Vale |
|---|---|---|
| Median house price | $1.0M | $1.1M |
| Median unit price | $1.2M | $630K |
| Gross rental yield (houses) | 3.53% | 4.21% |
| Gross rental yield (units) | - | 4.72% |
| 1-year house growth | +2.1% | - |
| 3-year house growth | +13.9% | - |
| Vacancy rate | 8.4% | 1.4% |
| Population | 1,524 | 18,171 |
Ferny Creek vs Pascoe Vale: what the numbers say
The median house price is $1.0M in Ferny Creek and $1.1M in Pascoe Vale, so Ferny Creek is the cheaper entry point.
For units, Ferny Creek sits at a median of $1.2M against $630K in Pascoe Vale, which makes Pascoe Vale the more affordable unit market and Ferny Creek the pricier one.
On cash flow, Pascoe Vale leads: houses there return a gross rental yield of 4.21%, compared with 3.53% in Ferny Creek, a gap of 0.68 percentage points.
Rental vacancy is 1.4% in Pascoe Vale and 8.4% in Ferny Creek, so landlords in Pascoe Vale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Pascoe Vale is the bigger suburb, with a population of 18,171 against 1,524, roughly 12 times the size of Ferny Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pascoe Vale for rental income, Ferny Creek for a lower purchase price, Pascoe Vale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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