Ferntree Gully

Ferntree Gully, VIC 3156 is a thriving suburb with a population of 27,398. The area has a diverse demographic profile with a mix of age groups, including a significant number of professionals, technicians, and trade workers. The suburb offers good commuting options, with a notable percentage of residents working from home. Additionally, the suburb has good educational facilities, with an ICSEA percentile indicating a relatively high level of educational advantage in local government schools. For House investments, Ferntree Gully presents a promising opportunity for renovators due to a high sale price IQR ratio and a market absorption rate of 38.9%, suggesting high buyer demand. The suburb also shows a strong median growth rate over 5 and 10 years. For Unit investments, the suburb offers a competitive rental market with a low vacancy rate and high room demand-supply ratio. The market absorption rate for units is also favourable at 27.3%. Ferntree Gully, VIC 3156 is an attractive suburb for both homeowners and investors. With good investment potential for both houses and units, the suburb's strong market fundamentals, including high demand, low vacancy rates, and consistent growth rates, make it an appealing choice for those looking to settle in or invest in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022