The numbers, in plain English
To rent in Ferntree Gully without housing stress, a household income of about $95,000/year keeps the rent of $550/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Ferntree Gully yet). Check your income →
To buy the median home ($900,000) with a 20% deposit of $180k, repayments at 6.2% over 30 years come to about $4,410/month — comfortable on roughly $176,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 10.0 years, before stamp duty of $49k. Run your own loan →
That price is the real median of 344 house sales in Ferntree Gully, published by the state land authority — not an estimate.
Compared to the rest of Victoria, Ferntree Gully is more expensive to buy than 91% of the state's suburbs (state median $330k) and pricier to rent than 77% (state median $445/week). It sits roughly 29 km from the Melbourne CBD as the crow flies.
For investors, the median rent against the median price gives a gross rental yield of about 3.2% before costs. Net yield calculator →
Modelled medians, not valuations — every formula above is documented on our methodology page.
Affordability by income
$60k income
Rent ($550/wk)
Over budget
Budget: $346/wk
Buy ($900k)
Repayments are a stretch
$4,317/mo · deposit in ~20yr
$90k income
Rent ($550/wk)
Over budget
Budget: $519/wk
Buy ($900k)
Repayments are a stretch
$4,317/mo · deposit in ~13.4yr
$120k income
Rent ($550/wk)
Affordable
Budget: $692/wk
Buy ($900k)
Repayments are a stretch
$4,317/mo · deposit in ~10yr
Based on 30% gross income rule for rent; 6% p.a. / 30-year P&I loan at 20% deposit for purchase; 15% savings rate for deposit timeline.
Upfront buying costs
| Purchase price | $900k |
| 20% deposit (no LMI) | $180k |
| Stamp duty (Victoria) | $49k |
| Stamp duty (first home buyer) | Same — check eligibility |
| Conveyancing (est.) | $1,500 – $3,000 |
| Building inspection (est.) | $400 – $700 |
| Total upfront (est.) | $232k |
Who lives here & what's nearby
Real figures for Ferntree Gully — measured, not modelled.
How Ferntree Gully compares
- Households here earn about 41% more than the typical suburb in Victoria.
- Younger than average — a median age of 40 vs 46 statewide.
Demographics and tenure from the ABS 2021 Census; the socio-economic score is the ABS SEIFA 2021 index of relative disadvantage, scaled 0–100 against every Australian postcode; distances and school counts from OpenStreetMap. Comparisons are against the median suburb in Victoria. Suburb-level price trends aren't shown because no open source publishes them reliably yet — see our data sources.
What's around Ferntree Gully
Real places nearby — the little things that make a suburb feel like home.
- Glenfern Reserve500 m
- Dr Bluett Memorial Playground600 m
- Pickett Reserve700 m
- Dorset Road Extension Reserve700 m
- Fair Treasures1.2 km
- Gully Market2.6 km
- Knox Regional Netball Centre400 m
- Boulder Lab1.2 km
- Aquatic Achievers1.4 km
- Alan Hamill's Squash Courts1.6 km
- Ferntree Gully Library900 m
- Boronia Library2.5 km
- Each Courthouse Venue900 m
- Boronia Progress Hall2.6 km
Places within about 3 km, from OpenStreetMap contributors — distances as the crow flies. Something missing or moved? Tell us.
Get to know Ferntree Gully
Real places to see and hear what living here is actually like.
Neighbourhood at a Glance
Indicative scores based on ABS Census data modelling. Always conduct your own research.
Related reading
Government schemes that may apply
First Home Guarantee (FHBG)
Buy with as little as 5% deposit, no LMI. Up to 35,000 places/year nationwide.
Learn more →First Home Owner Grant (FHOG)
Victoria offers a grant for eligible first home buyers purchasing new builds. Amounts vary.
Learn more →First Home Super Saver (FHSS)
Save up to $50k inside super (taxed at 15% instead of marginal rate), then withdraw for a deposit.
Learn more →Stamp duty concessions
At Ferntree Gully's median of $900,000, VIC's first home buyer concession has phased out — duty is about $49,070.
Learn more →Nearby suburbs in Victoria
What people are saying about Ferntree Gully
Be the first to share an insight about this suburb
Sign in to share your local knowledge about Ferntree Gully
Check your personal affordability
Enter your income and see every suburb in Australia ranked for you.
Get pre-approved in Ferntree Gully
Free broker match. 35+ lenders compared. No obligation.
Rent data for Ferntree Gully sourced from the ABS 2021 Census, scaled by rental CPI to current values. Calculations use 30% gross income rule, 20% deposit, 6% p.a. loan rate over 30 years. Not financial advice.