Price drops in Ferntree Gully
Listings for sale in Ferntree Gully, VIC 3156 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
22
40% of 55 live listings
Median cut
3.9%
$30K off the asking price
Days listed before cut
27
median, first listed to latest cut
Cuts, last 30 / 90 days
22 / 22
8 listings have raised instead
Ferntree Gully price-drop summary
22 listings in Ferntree Gully (40% of the 55 on the market) are advertised below an earlier asking price. The typical reduction is 3.9%, about $30K. House listings account for 13 of them, with a median cut of 4.3%. Going the other way, 8 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 13 | 4.3% |
| Townhouse | 6 | 4.7% |
| Apartment | 3 | 2.3% |
Largest current cuts in Ferntree Gully
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 3 Natoli Court | $1,200,000 | $1,100,000 | -8.3% | 4 bed House | |
| 1/1728 Ferntree Gully Road | $1,045,000 | $960,000 | -8.1% | 4 bed Townhouse | |
| 5 Bonnie Court | $1,195,000 | $1,100,000 | -7.9% | 6 bed House | |
| 8 Dorset Road | $800,000 | $750,000 | -6.3% | 3 bed House | |
| 12 Homewood Close | $980,000 | $920,000 | -6.1% | 4 bed House | |
| 4/2 Lynn Drive | $820,000 | $770,000 | -6.1% | 3 bed Townhouse | |
| 42 Park Boulevard | $1,275,000 | $1,199,000 | -6.0% | 4 bed House | |
| 3/50 Adele Avenue | $620,000 | $590,000 | -4.8% | 2 bed Townhouse | |
| 3/57 Conn Street | $660,000 | $630,000 | -4.5% | 2 bed Townhouse | |
| 7 Mayfair Drive | $1,098,000 | $1,049,000 | -4.5% | 5 bed House | |
| 61 Forest Road | $920,000 | $880,000 | -4.3% | 3 bed House | |
| 12 Manna Court | $850,000 | $820,000 | -3.5% | 3 bed House | |
| 5 Elmore Court | $930,000 | $899,000 | -3.3% | 3 bed House | |
| 107 Cambden Park Parade | $900,000 | $870,000 | -3.3% | 3 bed House | |
| 1/10 Adele Avenue | $680,000 | $660,000 | -2.9% | 2 bed Townhouse | |
| 1/13 Folkstone Crescent | $847,000 | $825,000 | -2.6% | 3 bed Apartment | |
| 27 Watling Grove | $780,000 | $760,000 | -2.6% | 3 bed Townhouse | |
| 17 Moira Avenue | $815,000 | $795,000 | -2.5% | 3 bed House | |
| 20 Hillcrest Avenue | $880,000 | $859,000 | -2.4% | 3 bed House | |
| 26 Park Boulevard | $850,000 | $830,000 | -2.4% | 3 bed House | |
| 1/123 Underwood Road | $650,000 | $635,000 | -2.3% | 2 bed Apartment | |
| 6/1 Spring Street | $700,000 | $695,000 | -0.7% | 2 bed Apartment |
Suburb profile
Ferntree Gully market data
Median prices, rents, growth and vacancy for Ferntree Gully.
Sold prices
Recent sales in Ferntree Gully
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Ferntree Gully: common questions
How many properties in Ferntree Gully have had a price drop?
22 listings for sale in Ferntree Gully VIC 3156 are currently advertised below an earlier asking price, 40% of the 55 listings on the market. 22 of those cuts were recorded in the last 30 days and 22 in the last 90.
How much are Ferntree Gully sellers cutting their prices by?
The median cut is 3.9%, or $30K, measured from the previous advertised asking price to the current one on each listing.
How long are Ferntree Gully listings on the market before the price drops?
A median of 27 days from when the listing first appeared to its latest price cut, across 22 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.