Ferntree Gully Property Growth

VIC · 3156 · Eastern Melbourne

An outer-eastern Melbourne suburb at the base of the Dandenong Ranges, known for bushland surrounds and access to Upper Ferntree Gully and the Puffing Billy tourist line.

ProfileLast updated: June 2026

Overview

Location: City of Knox

An outer-eastern Melbourne suburb at the base of the Dandenong Ranges, known for bushland surrounds and access to Upper Ferntree Gully and the Puffing Billy tourist line.

Market Snapshot

Median House Price

$886k

Median Unit Price

$643k

Avg Days on Market

14 days

Demographics

Estimated Population

26,422

Owner Occupier Rate

79.0%

Renter Rate

21.0%

Transport & Connectivity

Major Roads

  • Burwood Highway
  • Ferntree Gully Road
  • Dorset Road
  • with EastLink access to the west

Train Lines

  • Ferntree Gully station (opened 1889), Belgrave line — approximately 45 minutes to the CBD. Upper Ferntree Gully station is also nearby.

Bus Network

Multiple routes via the station, including connections to Knox and Waverley Gardens

Ferntree Gully is approximately 27km east of the Melbourne CBD, within the City of Knox, at the foothills of the Dandenong Ranges. Verify current timetables and traffic conditions before relying on any commute estimate.

Education

Ferntree Gully is well served for schooling within the suburb.

Primary Schools

  • Ferntree Gully North Primary School
  • Mountain Gate Primary School
  • St John the Baptist Primary School (Catholic)

Secondary Schools

  • St Joseph's College (Catholic boys' school)

Childcare

A range of long day care, kindergarten and outside school hours care providers operate across Ferntree Gully. Always verify availability and waitlists directly with providers.

Amenities & Lifestyle

A large section of the Dandenong Ranges National Park falls within the suburb, including the famous 1000 Steps Kokoda Memorial Walk. Mountain Gate Shopping Centre is the main retail hub, with a village strip near the station and Westfield Knox a short drive up Burwood Highway. Development restrictions near the foothills preserve the suburb's vegetated character.

Employment

Ferntree Gully is predominantly residential, with local employment in retail and services at Mountain Gate and the station village, and the Knox commercial precinct nearby.

Commercial Centres

  • Mountain Gate Shopping Centre
  • Ferntree Gully station village

Infrastructure

No major infrastructure projects are currently confirmed for Ferntree Gully. Check Infrastructure Australia's project pipeline, State Government announcements or City of Knox's website for the latest updates on works that may affect the area.

Growth Drivers

  • Dandenong Ranges National Park amenitya large section of the national park falls within the suburb, including the famous 1000 Steps Kokoda Memorial Walk, a major drawcard for lifestyle buyers.
  • Established rail accessFerntree Gully station (opened 1889) on the Belgrave line provides a direct, long-standing rail connection to the CBD.
  • Development restrictions preserving characterrestrictions near the foothills preserve the suburb's vegetated character, supporting long-term amenity value.
  • Strong local schoolingFerntree Gully North Primary School, Mountain Gate Primary School, St John the Baptist Primary School and St Joseph's College serve local families.

Key Risks

  • Bushfire risk profile — the suburb's foothill and national park proximity may carry elevated bushfire risk, which can affect insurance costs.
  • Interest rate and lending sensitivity — like all property markets, local prices and buyer activity can be affected by changes in interest rates and lending conditions.
  • Longer commute time — at approximately 45 minutes to the CBD by train, commute times may be a consideration for some buyers.

Frequently Asked Questions

Ferntree Gully offers national park lifestyle amenity, established rail access and preserved vegetated character, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.

Refer to the Market Snapshot section on this page for current median price data sourced from our live database.

Ferntree Gully North Primary School, Mountain Gate Primary School, St John the Baptist Primary School and St Joseph's College serve the suburb.

Ferntree Gully station, opened in 1889, is on the Belgrave line, approximately 45 minutes to the CBD. Verify current timetables and travel times before relying on any commute estimate.

The Dandenong Ranges National Park, including the 1000 Steps Kokoda Memorial Walk, is the suburb's standout feature, alongside Mountain Gate Shopping Centre.

Try the Property Growth Calculator

Use your own property price, growth rate and timeframe to estimate future property value, equity growth and total projected growth.

Calculate Future Value

Sources

This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.