Ferny Creek vs Piries
Property investment comparison - Ferny Creek, VIC 3786 vs Piries, VIC 3723
Head-to-head across core investment metrics: Ferny Creek wins 3, Piries wins 0. 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 | Piries |
|---|---|---|
| Median house price | $1.0M | $1.1M |
| Median unit price | $1.2M | - |
| Gross rental yield (houses) | 3.53% | 2.97% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +2.1% | - |
| 3-year house growth | +13.9% | - |
| Vacancy rate | 8.4% | 13.5% |
| Population | 1,524 | 66 |
Ferny Creek vs Piries: what the numbers say
The median house price is $1.0M in Ferny Creek and $1.1M in Piries, so Ferny Creek is the cheaper entry point.
On cash flow, Ferny Creek leads: houses there return a gross rental yield of 3.53%, compared with 2.97% in Piries, a gap of 0.56 percentage points.
Rental vacancy is 8.4% in Ferny Creek and 13.5% in Piries, so landlords in Ferny Creek face less competition for tenants.
Ferny Creek is the bigger suburb, with a population of 1,524 against 66, roughly 23 times the size of Piries; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ferny Creek for rental income, Ferny Creek for a lower purchase price, Ferny Creek 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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