All About Ferntree Gully, Knox, VIC, 3156

Ferntree Gully, situated within the City of Knox in Victoria, presents a diverse housing market characterized by a blend of older homes and modern developments, catering to a range of buyers. The suburb is known for its leafy environment and proximity to the Dandenong Ranges, making it an attractive option for those seeking a balance between suburban life and natural beauty. The housing stock includes mid-20th-century family homes, renovated properties, and a growing number of apartment complexes, reflecting the area's evolving demographic. Over recent years, Ferntree Gully has witnessed steady growth in property values, partly driven by its appeal to families and first-time buyers who are drawn to its relatively more affordable options compared to inner Melbourne suburbs.

Living in Ferntree Gully offers residents a lifestyle that combines the convenience of suburban amenities with the tranquility of nature. The community is well-serviced by public transport, including train and bus options, providing easy access to Melbourne's CBD and surrounding areas. Ferntree Gully boasts several shopping centers, local eateries, and recreational facilities, including parks and sporting clubs, ensuring that residents have plenty of local conveniences. Moreover, the community spirit is strong, with numerous local events and cultural activities fostering a sense of belonging among residents. The proximity to the Dandenong Ranges offers outdoor enthusiasts ample opportunities for hiking and exploring scenic landscapes, with popular spots such as the 1,000 Steps Kokoda Walk nearby. Overall, Ferntree Gully provides a pleasant and well-rounded living environment, balancing the calm of the suburbs with the dynamism of a connected community.

Ferntree Gully Real Estate Market Outlook

Thinking about buying in Ferntree Gully? Now could not be a better time, with 14293 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,055,000 with prices in this suburb ranging from $105,000 to $9,229,000. The aproximate distance to the coast is 19 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Ferntree Gully are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Ferntree Gully classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Ferntree Gully necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ferntree Gully we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ferntree Gully a better buying opportunity than it may have been in the past.

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