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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)$921k*

House price change

(all agencies, last 12 months)+3.6%

Median unit price

(all agencies, last 12 months)$703k*

Unit price change

(all agencies, last 12 months)+4.13%

(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 56%
  • Sold by Private Sale or Other Method 44%
  • (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)59%

Average held period in Ferntree Gully

(proptrack)13 years

Ferntree Gully Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$650pw

House rental price change

(all agencies, last 12 months)0.06%

Median rental price for Units

(all agencies, last 12 months)$568pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)3.53%

Average rental yield for Units

(all agencies, last 12 months)4.23%

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%

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About Ferntree Gully

In the City of Knox local authority area, Ferntree Gully is a suburb of Melbourne, Victoria, Australia, near the foothills of the Dandenong Ranges, 30 kilometres southeast of Melbourne's Central Business District. In Ferntree Gully, there were 27,398 people according to the 2021 census. Neighbouring suburbs include Upper Ferntree Gully, Wantirna South and Upwey.

A large section of the well-known Dandenong Ranges National Park falls within the suburb including the popular 1000 Steps Kokoda Memorial trail, dedicated to the Kokoda Trail of WW2 many locals and tourists gather here for exercise or a picnic.

On the outskirts of Greater Melbourne, today are the suburbs of Ferntree Gully and Upper Ferntree Gully. They are situated at Dandenong Ranges National Park's southernmost point. High rainfall in the region, together with the region's rich volcanic soils, ensures that forests and fern gullies blanket the whole area. The region is famous for its walking trails, views of Melbourne, eucalypt trees, picnic places, birds, wallabies, bandicoots, echidnas, and possums, as well as its native orchids, native grasses, and native plants. It is well-renowned for both its difficult 1000 Steps Walk, popularly known as the Kokoda Track, and for its outstanding bushwalks.

The Suburb is serviced by a rail station on the Belgrave line which takes you to the CBD in around 45mins.

There are many schools and kindergartens in the suburb and surrounding area such as Ferntree Gully North Primary School, Mountain Gate Primary School, Fairhills Primary School Ferntree Gully, Wattle View Primary School Ferntree Gully, Kent Park Primary School, Eastern Ranges School Ferntree Gully, St John the Baptist Primary School Ferntree Gully, St Joseph's College Ferntree Gully

Mountain Gate Shopping Centre where you’ll find Woolworths, BWS, pet supplies and various other retail and restaurants, Aldi, another Woolworths and Chemist Warehouse further down the road, and many cafes, fast food outlets and restaurants in between.

Westfield Knox is just a bit further up Burwood Hwy than that where you can shop till you drop, see a movie or enjoy a drink and some music at the Irish Pub.

The Angliss Hospital is also located in Ferntree Gully.

Great for

  • Parks & Recreation
  • Schools
  • Safe & Sound
  • Medical Facilities
  • Peace & Quiet

Who lives here?

  • Families with kids
  • Professionals
  • Retirees
  • Singles

Suburbs nearby:

  • Boronia
  • Knoxfield
  • Lysterfield
  • Tremont
  • Upper Ferntree Gully
  • Upwey

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
2025462$811,7003.59%418$609pw3.88%
2024486$780,2500.77%405$584pw3.96%
2023444$785,0000.80%418$539pw3.69%
2022432$767,0000.91%439$468pw3.33%
2021573$760,25015.32%454$437pw2.94%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025462$811,700+3.59%
2024486$780,250+0.77%
2023444$785,000+0.80%
2022432$767,000+0.91%
2021573$760,250+15.32%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025418$609pw3.88%
2024405$584pw3.96%
2023418$539pw3.69%
2022439$468pw3.33%
2021454$437pw2.94%

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*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 October 2024 to 31 October 2025, last updated 31 October 2025.