All About Ferny Creek, Yarra Ranges, VIC, 3786

Ferny Creek, nestled in the picturesque Yarra Ranges of Victoria, offers a serene and charming lifestyle, attracting those who appreciate natural beauty and tranquility. The housing market in this idyllic suburb is characterized by a mix of quaint cottages, spacious family homes, and luxury properties that boast stunning mountain and forest views. Over recent years, the demand for properties in Ferny Creek has seen a steady rise, influenced by its close proximity to Melbourne — just an hour's drive away — and the allure of living amidst nature without being too far from city conveniences. While prices have been on the rise, the suburb still offers relatively affordable options compared to inner-city living, making it an attractive option for both families seeking space and retirees looking for a peaceful retreat.

Living in Ferny Creek is like being part of a close-knit community that values its natural surroundings and the peaceful lifestyle it offers. The area is renowned for its lush greenery, scenic walking trails, and proximity to the iconic Dandenong Ranges National Park, making it a haven for outdoor enthusiasts and those seeking a slower-paced way of life. Residents enjoy the benefits of local amenities, including boutique shops, cozy cafes, and community events that foster a friendly neighborhood atmosphere. Even with its tranquil setting, Ferny Creek provides essential services and schools, ensuring that families have everything they need close at hand. Its combination of natural beauty, community spirit, and accessibility to Melbourne keeps drawing new residents while retaining a sense of timeless calm.

Ferny Creek Real Estate Market Outlook

Thinking about buying in Ferny Creek? Now could not be a better time, with 691 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,408,000 with prices in this suburb ranging from $194,000 to $3,814,000. The aproximate distance to the coast is 25 Km.

Consistent high demand relative to supply is a key feature in Ferny Creek driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ferny Creek ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Ferny Creek provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Ferny Creek 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 Ferny Creek 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 Ferny Creek a better buying opportunity than it may have been in the past.

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General Points of Interest

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