Ferntree Gully
The median rent for a 2-bedroom unit in Ferntree Gully is $520 a week for leases that started in the year to September 2025, up 8.3% on a year earlier. That is 5% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $970,000 for a house and $709,000 for a unit. A year of rent for that home is about 3.8% of its median sale price (gross rental yield).
Median rent in Ferntree Gully
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $350* | +2.9% | 12 |
| 2-bedroom unit | $520 | +8.3% | 65 |
| 3-bedroom unit | $580 | 0.0% | 53 |
| 2-bedroom house | $518 | +17.7% | 20 |
| 3-bedroom house | $600 | +5.4% | 198 |
| 4-bedroom house | $720 | +15.2% | 74 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $970,000 | Mar 2026 quarter |
| Unit | $709,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Avondale Heights $520 a week
- Keilor East $520 a week
- Mitcham $520 a week
- Nunawading $520 a week
- Ringwood $520 a week
- Seddon $520 a week