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City of Knox
Ferntree Gully

Ferntree Gully Property Market
& Suburb Profile

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MEDIAN PRICES IN FERNTREE GULLY

Median house price

(all agencies, last 12 months)$931k*

House price change

(all agencies, last 12 months)+4.93%

Median unit price

(all agencies, last 12 months)$712k*

Unit price change

(all agencies, last 12 months)+5.48%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FERNTREE GULLY PRICE TRACKER

HousesUnits

FERNTREE GULLY SALES OVERVIEW

  • Sold by Auction 62%
  • Sold by Private Sale or Other Method 38%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)25

Average days on market (units)

(all agencies, 12 months)25

Auction clearance rate in Ferntree Gully

(all agencies, last 12 months)61%

Average held period in Ferntree Gully

(proptrack)13 years

FERNTREE GULLY INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$645pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$575pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.39%

Average rental yield for Units

(all agencies, last 12 months)4.32%

Ferntree Gully total population size

(as at the last census)27,398

Median household size in Ferntree Gully

(as at the last census)2.6

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

FERNTREE GULLY PROPERTY TYPES

  • Houses 46%
  • Units 21%
  • Other 33%

OCCUPANCY IN FERNTREE GULLY

  • Owned 76%
  • Rented 21%
  • Other/Not Stated 3%
  • Singles 24%
  • Families 73%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT FERNTREE GULLY

Ferntree Gully is a spacious and scenic suburb located approximately 30 kilometres east of the Melbourne CBD, offering a highly desirable "tree-change" lifestyle at the literal foothills of the Dandenong Ranges.

The suburb remains a premier choice for families and nature enthusiasts who value a peaceful, native bushland setting without sacrificing the infrastructure and convenience of a major metropolitan hub. Geographically defined by its lush, undulating terrain and its direct proximity to the Dandenong Ranges National Park, where residents enjoy immediate access to world-class walking tracks, including the famous and often challenging 1000 Steps Kokoda Track Memorial Walk.

The picturesque Ferntree Gully Village retains a distinct country-town charm with its independent cafes and local shops, while the area is rich in green space, featuring local landmarks like the Marie Wallace "Train Park" and the upgraded Kings Park.

While the Village offers a quaint local experience, major retail needs are serviced by the Mountain Gate Shopping Centre and the nearby Westfield Knox, which has recently been redeveloped into a premier dining and entertainment destination. For healthcare, the suburb is anchored by the Angliss Hospital, ensuring residents have high-level medical services within minutes of their homes.

Education is a primary driver for the area's strong family demographic, with highly regarded institutions such as Ferntree Gully North Primary and St Joseph’s College serving the community. Commuting is well-supported by the Ferntree Gully and Upper Ferntree Gully Train Stations on the Belgrave line, providing a direct rail link to the city, while recent government initiatives ensure that from January 2026, children under 18 will travel for free on these services.

From a property perspective, Ferntree Gully is currently viewed as a high-value and resilient market within the City of Knox.

Investors find the suburb attractive due to stable rental yields underpinned by a very high owner-occupation rate. This high rate of ownership fosters a stable, long-term community feel that continues to support the suburb's reputation as one of the most reliable residential pockets in Melbourne's outer east.

Education

Eastern Ranges School
Fairhills Primary School
Ferntree Gully North Primary School
Heritage College Knox
Kent Park Primary School
Mountain Gate Primary School
St John the Baptist School
St Joseph's College
Wattle View Primary School
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SALES COMPARISON

Find out how Ferntree Gully median sales prices compare to neighbouring suburbs.

FERNTREE GULLY MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025493$821,2504.93%410$610pw3.86%
2024486$780,2500.77%405$584pw3.96%
2023444$785,0000.80%418$539pw3.69%
2022432$767,0000.91%439$468pw3.33%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025493$821,250+4.93%
2024486$780,250+0.77%
2023444$785,000+0.80%
2022432$767,000+0.91%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025410$610pw3.86%
2024405$584pw3.96%
2023418$539pw3.69%
2022439$468pw3.33%

PROUDLY SERVICING FERNTREE GULLY

BROWSE MORE SUBURBS

Upper Ferntree Gully

Boronia

The Basin

NEWS & INSIGHTS

A DEALMAKER ON THE RISE

Icing on the Cupcake

One Sale A Day & Growing

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.