8/1-3 Shannon Avenue

Ferntree Gully VIC 3156

The size of Ferntree Gully is approximately 14 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Ferntree Gully in 2011 was 25,585 people. By 2016 the population was 26,433 showing a population growth of 3.3% in the area during that time. The predominant age group in Ferntree Gully is 30-39 years. Households in Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferntree Gully work in a professional occupation. In 2011, 78.9% of the homes in Ferntree Gully were owner-occupied compared with 77% in 2016.

Ferntree Gully has 13,645 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 15.90% increase in median value, while Units have seen a 10.13% increase. As at 31 January 2025:

• The median value for Houses in Ferntree Gully is $869,075 while the median value for Units is $645,036.
• Houses have a median rent of $600 while Units have a median rent of $555.