8 Victoria Ridge

Upper Ferntree Gully VIC 3156

The size of Upper Ferntree Gully is approximately 3.6 square kilometres. It has 6 parks covering nearly 8.9% of total area. The population of Upper Ferntree Gully in 2011 was 3,221 people. By 2016 the population was 3,429 showing a population growth of 6.5% in the area during that time. The predominant age group in Upper Ferntree Gully is 50-59 years. Households in Upper Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Ferntree Gully work in a professional occupation. In 2011, 83.6% of the homes in Upper Ferntree Gully were owner-occupied compared with 84.4% in 2016.

Upper Ferntree Gully has 1,546 properties. Over the last 5 years, Houses in Upper Ferntree Gully have seen a 22.06% increase in median value, while Units have seen a 12.13% increase. As at 30 November 2024:

• The median value for Houses in Upper Ferntree Gully is $908,762 while the median value for Units is $584,588.
• Houses have a median rent of $600 while Units have a median rent of $388.