VIC 3156 · City of Knox · 30 km from Melbourne CBD · Updated June 2026

Ferntree Gully, Victoria.

Established homes at the foothills of the Dandenong Ranges, two Belgrave line stations, and one of Melbourne's outer east's most consistently tightly held family markets. KR Peters Real Estate has worked this corridor since 1982.

View market dataContact agent
$931.5K
Median House Price
CoreLogic via YIP 2026
4.66%
Annual Capital Growth
CoreLogic via YIP 2026
24
Avg Days on Market
CoreLogic 2026
352
Houses Sold (12 mths)
CoreLogic via YIP 2026
$630
Median Weekly Rent
CoreLogic via YIP 2026
30km
Distance from CBD
Ferntree Gully VIC 3156
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01 · Suburb Overview

Ferntree Gully VIC 3156. What it actually is.

Ferntree Gully is a residential suburb in the City of Knox, approximately 30 km east of Melbourne CBD. It sits at the foothills of the Dandenong Ranges, with the Dandenong Ranges National Park reaching the suburb's eastern edge and two stations on the Belgrave line providing direct rail access to the city.

The median house price is approximately $930,000 to $931,500 (CoreLogic 2026) with 4.66% annual capital growth. Average days on market is 24 — among the tightest in Melbourne's outer east — with 352 house sales in the past 12 months. Stock-on-market sits at approximately 0.12%, reflecting a tightly held, owner-dominated suburb where properties rarely come to market and sell quickly when they do.

The suburb's appeal is structural and geographical. Ferntree Gully is the point where suburban Melbourne meets the Dandenong Ranges National Park. Residents have immediate access to bushland, walking trails, and the 1000 Steps Kokoda Track Memorial Walk, while retaining direct rail access on the Belgrave line and road access to Westfield Knox and the Burwood Highway corridor. That combination does not exist elsewhere in Melbourne's east at this price point.

Postcode key data

  • Location30 km east of Melbourne CBDCity of Knox · Dandenong Ranges foothills · Belgrave line corridor
  • Median price$930K–$931.5K (houses) · CoreLogic 20264.66% annual capital growth · 352 sales per year
  • Days on mkt24 days averageAmong the tightest in Melbourne's outer east · stock-on-market 0.12%
  • Rental$630 per week median · 3.55% yieldCoreLogic via YIP 2026
  • TrainFerntree Gully Station · Belgrave lineApprox 50–55 mins to Flinders Street · opened 4 Dec 1889 · premium station
  • LGACity of KnoxMountain Gate Shopping Centre · Westfield Knox nearby · Burwood Highway corridor
  • KR PetersActive in Ferntree Gully since 1982432 Princes Highway, Officer VIC 3809 · 0418 311 048
Direct answer — What is Ferntree Gully VIC like?

Ferntree Gully is an established, leafy outer-eastern suburb with a distinct nature-adjacent character. The terrain rises toward the Dandenong Ranges, tree canopy is dense, and the suburb's identity is shaped by the National Park on its doorstep more than by any commercial or development story. It is not a growth estate suburb. Its appeal is the combination of bushland proximity, two train stations, established housing on larger blocks, and a settled community fabric that dates to the 1880s.

Families seeking bushland access with metropolitan rail connectivity, owner-occupiers upgrading from closer-in Knox suburbs, and buyers explicitly choosing the Dandenong Ranges lifestyle over inner-suburb convenience are the dominant buyer groups. At a $931,500 median, Ferntree Gully prices the nature premium into its market in a way that no nearby non-foothills suburb can replicate.

Ferntree Gully VIC streetscape

02 · Property Market

What is the median house price in Ferntree Gully in 2026?

House and unit data, rental numbers, and how Ferntree Gully stacks up against the suburbs around it. Figures below come from CoreLogic, updated June 2026.

Different providers quote slightly different medians depending on snapshot period. CoreLogic via YIP (to January 2026) reports $931,500; PropertyValue reports $930,000 with 342 to 352 sales depending on the window. Growth rates also vary — the most current CoreLogic-via-YIP read is 4.66% annually. Check with a local agent before acting on any of these numbers, since they shift from month to month.

Houses

$930K–$931.5KMedian house price rangeCoreLogic / YIP 2026
4.66%Annual capital growthCoreLogic via YIP 2026
24 daysAvg days on marketCoreLogic 2026
352 salesPast 12 monthsCoreLogic via YIP 2026
$630/wkMedian weekly rentCoreLogic via YIP 2026
3.55%Gross rental yieldCoreLogic via YIP 2026

Ferntree Gully vs nearby suburbs (houses)

SuburbMedian houseDays on mktCharacter
Ferntree Gully$930K–$931.5K24Established, bushland foothills
Boronia~$820K~25Established, inner Knox
Bayswater~$810K~26Established, Knox corridor
Wantirna~$960K~22Established, upper Knox
Market read · May 2026

"Ferntree Gully is a supply-constrained market and has been for years. Twenty-four days on market and stock-on-market sitting at 0.12% tells you there are consistently more buyers than homes available. The nature premium here is real and it is structural — you cannot replicate the Dandenong Ranges National Park on your doorstep anywhere else in Melbourne's east at this price. What I am seeing in 2026 is strong competition in the $850K to $1.05M range, particularly for larger blocks with good canopy and walking distance to either of the two stations."

Peter Nicolls · Founding Director, KR Peters Real Estate · May 2026

As of May 2026, most of the action is in the $850K–$1.05M range. A well-presented home on a full block near the station or a school catchment will usually pull multiple offers inside 30 to 35 days.

Thinking about selling in Ferntree Gully?Stock is tight right now. Worth knowing what that means for your price.
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03 · Who Lives Here

Ferntree Gully demographics. Who actually calls it home.

ABS Census 2021 numbers for Ferntree Gully 3156. Worth a look if you want to know who you'd actually be living near, not just what the houses cost.

27,398
Population (2021)
40 years
Median age — VIC median is 38
$1,770/wk
Median household income (~$92,000/yr)
~78%
Owner-occupied — high relative to Melbourne
2.6
Avg people per household
$1,918/mth
Median mortgage repayment
Families
Dominant household type — couples with children
35–44 yrs
Largest age group
Professional
Most common occupation

Source: Australian Bureau of Statistics, 2021 Census of Population and Housing.View full ABS profile →

04 · Planning & Development

What's changing in Ferntree Gully. Plans, overlays, and approvals.

Planning decisions made now shape what this suburb looks like in five years. Here's what's actually in place for Ferntree Gully as of 2026.

Ferntree Gully Village Structure Plan — Amendment C129knoxGazetted Nov 2014
Council adopted the Ferntree Gully Village Structure Plan on 10 June 2014, and the Minister for Planning gazetted Amendment C129knox in November 2014. The plan sets the vision and direction for the Ferntree Gully Neighbourhood Activity Centre — covering residential neighbourhoods, commercial areas, and community facilities. It governs how the commercial precinct and surrounding residential areas can develop. If you are buying near the town centre or Burwood Highway commercial strip, this plan sets the controls.
Upper Gully Strategy Plan — Amendments C162knox and C141knoxIn place
The Upper Gully Strategy Plan covers the Upper Ferntree Gully end of the 3156 postcode and establishes planning controls for the area closest to the National Park boundary. It governs residential density, vegetation retention, and the interface between suburban development and the Dandenong Ranges National Park. Buyers purchasing in the upper section of the suburb should review this plan before proceeding.
Dandenong Ranges National Park — permanent boundaryOngoing
The eastern boundary of Ferntree Gully abuts the Dandenong Ranges National Park, which was proclaimed in 1987 by amalgamating the former Ferntree Gully National Park, Sherbrooke Forest, and Doongalla Estate. This boundary is permanent. There is no new land supply pipeline in Ferntree Gully — the National Park locks in supply constraint structurally. It is the primary reason stock-on-market remains at 0.12% and why the suburb's capital growth story is long-term defensible.
Victorian planning reforms — VicSmart pathways (VC282, VC288)Effective 2025
Amendment VC282, effective 8 September 2025, introduced a streamlined VicSmart pathway for single dwellings and small second dwellings on lots under 300 sqm, with compliant applications assessed within 10 business days and no third-party review. Amendment VC288, effective 16 October 2025, enables two-lot subdivisions to be assessed under VicSmart in eligible zones. For buyers considering dual-occupancy or small subdivision outcomes in Ferntree Gully, these changes affect the approval pathway and timeline.
Ferntree Gully Cemetery MasterplanProgress report May 2026
Knox City Council presented a progress report on the Ferntree Gully Cemetery Masterplan at its meeting on 25 May 2026. The masterplan governs the long-term development of the Ferntree Gully Cemetery precinct. Not a direct residential planning issue, but relevant for buyers near the cemetery precinct who want to understand the site's long-term use.
Planning Amendment (Better Decisions Made Faster) Act 2026Royal Assent Feb 2026
The Planning Amendment (Better Decisions Made Faster) Act 2026 received Royal Assent on 17 February 2026, introducing new assessment streams and restructured objection rights across Victoria including Knox. It builds on the Housing Statement Reform Act 2025 in reshaping how development applications are processed across Melbourne's outer east.

Source: Cardinia Shire Council planning scheme amendments. Do your own due diligence at knox.vic.gov.au and planning.vic.gov.au.

05 · Lifestyle & Amenities

Living in Ferntree Gully. What's on the doorstep.

Ferntree Gully still feels like a suburb that earns its lifestyle reputation. The National Park is not a marketing claim — it is accessible on foot from streets within the suburb. Combine that with two stations, established local shops, and Westfield Knox nearby.

Dandenong Ranges National Park
The eastern edge of Ferntree Gully abuts the National Park directly. Walking tracks including the 1000 Steps Kokoda Track Memorial Walk begin at the Ferntree Gully Picnic Ground. This is not a drive-to park — for residents on the upper streets, it is accessible on foot.
1000 Steps — Kokoda Track Memorial Walk
The Kokoda Memorial Terrace was formally opened in 2012 within the Dandenong Ranges National Park. On any given morning, it is one of the most heavily used fitness routes in Melbourne's outer east. For Ferntree Gully residents, this is a practical daily amenity.
Mountain Gate Shopping Centre
Located at the suburb's western boundary. Coles-anchored, with specialty stores and services. The daily errand destination for the western and lower sections of the suburb.
Westfield Knox
Approximately 6 km west on Burwood Highway — one of Melbourne's largest regional shopping centres. Full retail, dining, and cinema options. A short drive or bus ride from Ferntree Gully Station.
Ferntree Gully Hotel and local dining
A pub with genuine local history on Burwood Highway. A cluster of cafes and takeaway options along the Burwood Highway and Ferntree Gully Road strips round out the local food scene.
Belgrave line — two stations in the postcode
Ferntree Gully Station and Upper Ferntree Gully Station both serve the 3156 postcode. Approximately 50 to 55 minutes to Flinders Street. For daily commuters, having two stations within the suburb is a practical advantage.
Horologist Lane and creative precinct
Knox Council's Creative Placemaking Plan has delivered public art and a light box gallery in Horologist Lane, part of an ongoing investment in activating Ferntree Gully's town centre character.
You will need a car for some things
The terrain and the suburb's size mean some errands require a car, particularly for residents in the upper sections away from the Burwood Highway strip. Rail commuters park-and-ride at both stations.

06 · What You Should Know

Eight things most people don't know about Ferntree Gully.

01

The suburb is named after an 1857 painting

Ferntree Gully takes its name from 'The Fern Tree Gully in the Dandenong Ranges', a painting by German artist Eugene von Guerard completed in 1857. The painting depicted the scenic fern gully that drew Melbourne visitors to the area throughout the 1860s and 1870s, establishing Ferntree Gully as an excursion destination before it became a residential address. The painting now hangs in the National Gallery of Australia in Canberra.

02

The gully was reserved for public use in 1882 — before the railway arrived

The land around the fern gully was formally reserved for public purposes in 1882, seven years before the railway reached the area. This means the natural landscape that defines the suburb's appeal was protected before its residential development began. The reservation became a national park in 1927, and was amalgamated in 1987 into the Dandenong Ranges National Park — ensuring the bushland on the suburb's doorstep is permanently protected from development.

03

Two train stations serve the one postcode

Ferntree Gully has two Belgrave line stations within postcode 3156 — Ferntree Gully Station on Station Street and Upper Ferntree Gully Station on Burwood Highway, both opened 4 December 1889. Ferntree Gully Station has 415 car parking spaces and is step-free accessible. Buyers should identify which station catchment they are purchasing in, as the suburb's terrain means the relevant station varies materially by street address.

04

The 1000 Steps is not a tourist attraction — it is part of daily life

The Kokoda Track Memorial Walk, known as the 1000 Steps, begins at the Ferntree Gully Picnic Ground in the Dandenong Ranges National Park. The memorial was established in 1996 and the Kokoda Memorial Terrace formally opened in 2012. On any given morning, hundreds of Knox and Yarra Ranges residents use it for fitness training. For Ferntree Gully residents, it is accessible within 20 minutes or less — a practical daily amenity that buyers from closer-in suburbs must travel significantly further to reach.

05

Stock is structurally tight and will remain so

Ferntree Gully has a stock-on-market ratio of approximately 0.12% — one of the lowest in Melbourne's outer east. This is not a cyclical condition. The suburb is geographically constrained by the National Park to the east and north, and established residential streets to the west and south. There is no new land supply pipeline. Owner-occupation rates are high, hold periods are long — averaging over 11 years — and buyers who miss a property typically wait months before a comparable opportunity arises.

06

The Belgrave line electrification in 1925 made this suburb what it is today

The railway reached Ferntree Gully in 1889 but it was electrification in 1925 that transformed it from a seasonal retreat into a permanent commuter suburb. Electric services cut the journey to Flinders Street to a reliable 50 minutes and delivered the consistent metropolitan connectivity that underpins the suburb's value today. Every buyer who purchases Ferntree Gully for its rail access is buying infrastructure that has been performing for over a century.

07

The $850K to $1.05M band is where qualified buyers compete

Below $850K in Ferntree Gully in 2026 means a property with a constraint — condition, position, or lot size. Above $1.05M you are competing for the suburb's best-positioned homes, typically on larger blocks with canopy or proximity to the National Park. The $850K to $1.05M band is where most active buyers are present simultaneously, and where well-presented homes on full-size blocks attract multiple offers within 24 to 30 days.

08

Ferntree Gully was a shire before it was a suburb

The Shire of Fern Tree Gully was proclaimed on 30 May 1889, separating the area from Berwick Shire with a population of 750. That pre-dates many of Melbourne's current suburbs as independent administrative entities. The shire eventually became the City of Knox in 1963, one of the few Melbourne councils not restructured during the Kennett-era amalgamations of the 1990s. Ferntree Gully's civic identity runs deep and reflects a community that has existed on its own terms for well over a century.

07 · Schools

Ferntree Gully's school catchment. What's in zone and adjacent.

School access is a consistent driver of buyer demand in Ferntree Gully. St Joseph's College — one of the outer east's most recognised Catholic secondaries — is located within the suburb. Multiple government primaries serve different catchment areas across the suburb's terrain. Always verify current zone boundaries for a specific address before buying.findmyschool.vic.gov.au.

Government · Primary

Ferntree Gully North Primary School

An established government primary in the northern section of the suburb. Consistent community profile and strong enrolment from the suburb's stable owner-occupier base. One of several government primaries serving different catchment areas across Ferntree Gully's varied terrain.

Co-edPrep–6Government
Government · Primary

Mountain Gate Primary School

Located at the suburb's western boundary near the Mountain Gate Shopping Centre. Serves the western and lower sections of Ferntree Gully. Consistent demand from families buying into the Ferntree Gully Road and Burwood Highway corridors.

Co-edPrep–6Government
Catholic · Secondary

St Joseph's College

A Salesian Catholic boys' secondary at 5 Brenock Park Drive, Ferntree Gully, established in 1965. Years 7 to 12, with approximately 1,010 students. One of the outer east's most consistently sought Catholic secondaries and a structural demand driver for Ferntree Gully addresses.

BoysYears 7–12Catholic
Catholic · Primary

St John the Baptist Primary School

A Catholic primary within Ferntree Gully, serving families seeking a Catholic education from prep years without leaving the suburb. Consistent enrolment from the suburb's family demographic and a feeder into St Joseph's College and other Catholic secondaries in the Knox corridor.

Co-edPrep–6Catholic
Government · Secondary

Fairhills High School

A government secondary at 330 Scoresby Road, Knoxfield — on Ferntree Gully's western boundary. The primary government secondary option for Ferntree Gully families within its catchment zone. Established 1973, Years 7 to 12.

Co-edYears 7–12GovernmentKnoxfield
Note

Verify catchment before buying

Ferntree Gully has multiple primary school catchments covering different parts of the suburb. The terrain means the relevant school varies significantly by street address. KR Peters recommends verifying your specific address at findmyschool.vic.gov.au and directly with the relevant school before making a purchase decision based on school access.

Already own in Ferntree Gully?Values move. It's worth a quick, free check-in.
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08 · Suburb History

Ferntree Gully's development. How this suburb was built.

1857

Eugene von Guerard's painting names the suburb

German artist Eugene von Guerard completed 'The Fern Tree Gully in the Dandenong Ranges' in 1857, depicting the scenic fern gully that would later give the suburb its name. The painting drew Melbourne visitors to the area throughout the 1860s and 1870s, establishing Ferntree Gully as an excursion destination before it had a residential address. By the 1870s two hotels and a post office were operating on what is now Burwood Highway.

1882

Gully reserved for public use

The land around the fern gully was formally reserved for public purposes in 1882, protecting the natural landscape before residential development began. The township was growing through the 1880s, with shops, hotels, churches, and a primary school established along Burwood Highway. The Shire of Fern Tree Gully was proclaimed on 30 May 1889, separating the area from the Berwick Shire with a population of 750.

1889

Belgrave line reaches Ferntree Gully

The railway was extended from Ringwood to Upper Ferntree Gully on 4 December 1889, with Ferntree Gully Station opening the same day. The railway immediately shifted the suburb from a coach-access excursion destination to a commuter-accessible community. A narrow-gauge line to Gembrook opened in 1900, now operating as the Puffing Billy tourist railway.

1925

Belgrave line electrified

Electrification of the Belgrave line in 1925 transformed the commute to Melbourne CBD from an unreliable steam service to a consistent metropolitan electric connection. This was the infrastructure event that confirmed Ferntree Gully as a permanent residential suburb rather than a seasonal retreat. The journey to Flinders Street settled at approximately 50 minutes and has remained the suburb's defining transport advantage ever since.

1927

Ferntree Gully National Park proclaimed

The gully reserve became a national park in 1927, permanently protecting the bushland at the suburb's edge. In 1987, it was amalgamated with Sherbrooke Forest and Doongalla Estate to form the Dandenong Ranges National Park. The 1000 Steps Kokoda Track Memorial was established within the park in 1996, and the Kokoda Memorial Terrace was formally opened in 2012.

1963

City of Knox established

The Ferntree Gully Shire became the City of Knox in 1963, consolidating local government for the outer-eastern suburbs. Knox is one of the few Melbourne councils not restructured during the Kennett-era amalgamations and remains Ferntree Gully's local government area today.

2014

Ferntree Gully Village Structure Plan gazetted

Knox City Council adopted the Ferntree Gully Village Structure Plan on 10 June 2014 and the Minister for Planning gazetted Amendment C129knox in November 2014. The plan set the formal planning framework for the Ferntree Gully Neighbourhood Activity Centre, locking in how the commercial precinct and surrounding residential areas can develop.

40+Years KR Peters has sold in the outer eastKR Peters records
1889Year Ferntree Gully Station openedPublic Transport Victoria
~50–55 minTrain commute to Flinders StreetPTV timetable 2026
30 kmDistance from Melbourne CBDFerntree Gully VIC 3156

09 · Getting Around

How far is Ferntree Gully from Melbourne CBD?

Public transport

  • Ferntree Gully Station — Belgrave line, direct to Flinders Street. Approximately 50 to 55 minutes to the CBD. Opened 4 December 1889, electrified 1925. Located on Station Street with 415 car parking spaces. A premium station with step-free access.
  • Upper Ferntree Gully Station is the second Belgrave line station within postcode 3156, on Burwood Highway. Also opened 4 December 1889, electrified 1925. A premium station with 170 car parking spaces. Note: the station has a steep ramp and is not step-free accessible. Serves the upper section of the suburb and the eastern end of Burwood Highway. The Puffing Billy terminus at Belgrave is approximately 2 km east.
  • Multiple bus routes serve Ferntree Gully along Burwood Highway and Ferntree Gully Road, connecting to Westfield Knox, Boronia, Rowville, and surrounding Knox suburbs. The Burwood Highway is a major bus corridor with frequent services between the stations and Westfield Knox.
  • The Belgrave line operates with metropolitan train frequencies during peak and off-peak periods. Both Ferntree Gully and Upper Ferntree Gully are premium stations. Buyers should confirm their preferred station based on their address position within the suburb, as the terrain means the catchment for each station varies by street.

Roads and driving

  • Burwood Highway is the primary east-west arterial through Ferntree Gully, running from Hawthorn in the inner east through to Belgrave. It provides the main connection west toward Westfield Knox and the EastLink interchange, and east toward the Dandenong Ranges. Driving to the CBD via Burwood Highway and EastLink takes approximately 45 to 60 minutes depending on traffic.
  • Ferntree Gully Road is the primary north-south connector for the suburb, linking Burwood Highway to Scoresby Road and providing access to Mountain Gate Shopping Centre, Westfield Knox, and the broader south-eastern suburbs.
  • EastLink provides tollway access north toward the Eastern Freeway and Melbourne CBD, and south toward the Frankston corridor. The closest interchange is at Ferntree Gully Road, approximately 5 km west of the suburb. EastLink materially reduced driving times from the outer east to the CBD.
  • Scoresby Road forms the western boundary of Ferntree Gully and connects to Knoxfield and the Knox commercial precincts. Fairhills High School sits on Scoresby Road. The road provides direct access to the Stud Road and Wellington Road corridors heading north toward Box Hill and the Eastern Freeway.

10 · Who Buys Here

The Ferntree Gully buyer. Who is purchasing in this market.

01

Families seeking nature access with metropolitan rail connectivity

Ferntree Gully's defining buyer has explicitly chosen the Dandenong Ranges foothills lifestyle — bushland access, dense tree canopy, cooler microclimate, and community character — over a closer-in suburb with more conventional suburban amenity. At a $931,500 median, this buyer has made a deliberate lifestyle trade-off. They typically have school-age children, value the St Joseph's College or government primary catchments, and are prepared to absorb a 50 to 55 minute train commute for the nature premium.

02

Owner-occupier upgraders from inner-Knox suburbs

Buyers from Bayswater, Boronia, Wantirna, and Rowville who have built equity move up to Ferntree Gully as a logical next step — larger blocks, better canopy, more established character, and direct proximity to the National Park. These buyers know the Knox corridor well and are not purchasing speculatively. They are making a quality-of-life decision backed by local knowledge and are typically long-term holders who turn over their property infrequently.

03

Investors seeking capital growth in a supply-constrained established suburb

At 3.55% gross yield with a $630 weekly median rent and 4.66% annual capital growth, Ferntree Gully is primarily a capital-growth investment proposition. The structural supply constraint — no new land, National Park boundary, high owner-occupation, average hold period over 11 years — makes it one of the more defensible long-hold investment markets in Melbourne's outer east. Vacancy is structurally low and rental demand from families seeking the same lifestyle access that owner-occupiers do supports the rental market consistently.

Questions

What buyers and vendors actually ask about Ferntree Gully.

Straight answers on the Ferntree Gully market, the process, and what working with KR Peters in this suburb looks like.

The median house price in Ferntree Gully VIC 3156 is approximately $930,000 to $931,500 depending on data source and snapshot period. CoreLogic via YIP (to January 2026) reports $931,500 with 4.66% annual capital growth across 352 house sales in the past 12 months. Average days on market is 24. Rental yield sits at approximately 3.55% with median weekly rent of $630.
Ferntree Gully's unit market saw 153 unit sales in the past 12 months. The median unit price is approximately $710,000 with 4.41% annual growth and a gross rental yield of 4.46%. Units average 21 days on market — slightly faster than houses.
Ferntree Gully is approximately 30 km east of Melbourne CBD. By train on the Belgrave line from Ferntree Gully Station, the commute to Flinders Street takes approximately 50 to 55 minutes. By car via Burwood Highway and EastLink, driving time is approximately 45 to 60 minutes depending on traffic.
Government primaries include Ferntree Gully North Primary School, Mountain Gate Primary School, Fairhills Primary School, Kent Park Primary School, and Wattleview Primary School. St John the Baptist is the Catholic primary within the suburb. St Joseph's College at 5 Brenock Park Drive is a Catholic boys' secondary for Years 7 to 12. Fairhills High School in adjacent Knoxfield is the government secondary option for parts of the western catchment.
The Ferntree Gully Village Structure Plan (Amendment C129knox, gazetted November 2014) governs the Neighbourhood Activity Centre and surrounding residential areas. The Upper Gully Strategy Plan governs the section closest to the National Park. Victoria-wide reforms including VicSmart pathway changes (Amendments VC282 and VC288, effective September and October 2025) affect how small subdivision and dual-occupancy applications are assessed. The Planning Amendment (Better Decisions Made Faster) Act 2026 introduced further changes from February 2026.
Gross rental yield for houses in Ferntree Gully is approximately 3.55%, based on a median house price of $931,500 and median weekly rent of $630 (CoreLogic via YIP 2026). Units yield approximately 4.46% at a lower entry price of $710,000. The suburb's rental market is driven by structural low vacancy rather than high turnover — owner-occupation is high and hold periods are long.
Ferntree Gully's market is showing strong fundamentals in 2026. 4.66% annual capital growth, 24 days on market, and a stock-on-market ratio of 0.12% signal a tightly supplied market with consistent buyer demand. KR Peters offers complimentary appraisals — call 0418 311 048.
Yes. KR Peters Real Estate has operated across the outer south-east and eastern corridor since 1982. Peter Nicolls, Founding Director and Licensed Auctioneer, is the primary agent for the area. Call 0418 311 048 for a complimentary appraisal or market consultation.

Market data sourced from CoreLogic 2026 and KR Peters property records. Statistics represent suburb-level aggregates and are updated periodically. Median prices, days on market, and yields are indicative only. Verify current data with your agent before making buying or selling decisions.

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