Upper Ferntree Gully

Upper Ferntree Gully, VIC 3156, is a suburb with a population of 3417 residents. The area has a diverse mix of age groups, with a higher concentration in the 5 to 19 years and 45 to 64 years brackets. The suburb predominantly consists of professionals, managers, and technicians and tradesworkers. Residents mostly commute by car and also have a significant percentage working from home. The suburb provides easy access to public transport via trains and buses. For house investors, Upper Ferntree Gully presents opportunities for strong capital growth, as indicated by the high median growth rate and healthy market absorption rate. The high median household income indicates a stable economic base for homeowners. The suburb's low vacancy rate and rental yield suggest a favourable rental market. On the other hand, units in the area may appeal to investors due to the higher rental yield and significant building approvals value in the sector. Upper Ferntree Gully offers a family-friendly environment with good educational opportunities, evident from the ICSEA percentile for government schools. The suburb's strong demand for housing and the diverse demographics make it an attractive location for both homeowners and investors looking for potential growth and rental returns. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022