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Upper Ferntree Gully, VIC 3156
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$945,000
market range $900K-$975K
Median Unit
$625,000
market range $475K-$750K
Gross Yield (houses)
3.5%
1yr Growth (houses)
-1.4%
market range -10.0% to +7.5%
Investment snapshot for Upper Ferntree Gully
Upper Ferntree Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Upper Ferntree Gully market and investor summary
In Upper Ferntree Gully, VIC 3156, the median house sells for around $945K, on a gross rental yield of 3.5% for houses. House prices have moved -1.4% over the past year. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking.
Living in Upper Ferntree Gully: people, income and schools
Upper Ferntree Gully has a resident population of roughly 3,417, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $106,000 a year (about $2,040 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 31 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Upper Ferntree Gully sits about 32 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 65 for walkability and 81 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,417
- +0% over 5yr
- Median age
- 41 years
- Median household income
- $106,000/yr
- Households renting
- 14%
- Family households
- 46%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 31
- avg ICSEA 1055
- Unemployment
- 4.8%
- Distance to CBD
- 32 km
- Walk score
- 65/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Upper Ferntree Gully
View all →Frequently asked questions about Upper Ferntree Gully
What should I check before investing in Upper Ferntree Gully?
Upper Ferntree Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Tight rental market (0.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Upper Ferntree Gully?
The median property price in Upper Ferntree Gully, VIC 3156 is $945K for houses and $625K for units.
What rental yield does Upper Ferntree Gully show?
The gross rental yield in Upper Ferntree Gully is 3.5% for houses and 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Upper Ferntree Gully?
House prices in Upper Ferntree Gully are down 1.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Upper Ferntree Gully?
The current vacancy rate in Upper Ferntree Gully is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Upper Ferntree Gully?
Upper Ferntree Gully has a population of approximately 3,417 residents, with a median age of 41.
What schools are near Upper Ferntree Gully?
There are 31 schools within roughly 5km of Upper Ferntree Gully. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Upper Ferntree Gully affordable to buy in?
A median house in Upper Ferntree Gully costs about 8.9 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Upper Ferntree Gully's population growing?
The population of Upper Ferntree Gully has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Upper Ferntree Gully from the CBD?
Upper Ferntree Gully is about 32 km from the CBD.
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