Long Gully

POSTAL CODE: VIC, 3550
HOUSE
UNIT
LONG GULLY ranks 203rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 17.74% for the past year is higher than average compared to its 56.43% growth within a five-year period.

Also in LONG GULLY, the median home price is sitting at $547,500, and the average rent at $470, this suggests property owners could potentially earn a 4.46% increase in gross rental yield.

Property investors have seen a 7.35% gain in LONG GULLY based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on LONG GULLY, 3550 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.74%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.16% growth over a ten-year period. It ranks 473rd on our list of suburbs that property investors should look into.

Surburb overview

Long Gully is an established suburb of Bendigo in central Victoria, approximately 150 kilometres north-west of Melbourne’s CBD and about 2 kilometres west of the Bendigo city centre within the City of Greater Bendigo. Originally developed during the Victorian gold rush, the suburb has evolved into a predominantly residential area with a strong community identity, while retaining links to Bendigo's rich mining heritage. Long Gully is situated on the traditional lands of the Dja Dja Wurrung people.

According to the 2021 Australian Bureau of Statistics Census, Long Gully had a population of 1,717 people with a median age of 41 years. Detached houses comprise the predominant housing type, complemented by units and townhouses that provide a range of housing options. The suburb supports a diverse community of families, professionals, retirees and students, with employment closely connected to healthcare, education, retail and professional services across the Greater Bendigo region.

Road access is provided via Eaglehawk Road, Marong Road and the Calder Highway, connecting Long Gully with central Bendigo, Melbourne and surrounding regional centres. Public transport includes regular local bus services linking the suburb with Bendigo Railway Station and neighbouring suburbs. At the same time, Bendigo Railway Station provides frequent V/Line train services to Melbourne and other regional destinations. Walking and cycling paths provide convenient access to the Bendigo city centre and nearby recreational areas.

Long Gully is well served by essential services, with supermarkets, medical centres, pharmacies, schools, childcare facilities, cafés and neighbourhood shopping available within the suburb and nearby central Bendigo. Residents also benefit from convenient access to Bendigo Health, Bendigo TAFE, La Trobe University, government offices and the extensive retail, dining and professional services located throughout the Bendigo CBD.

Long Gully offers a variety of recreational and cultural opportunities. Residents and visitors have access to local parks, sporting reserves, walking and cycling trails, while nearby attractions include Lake Weeroona, Rosalind Park, the Bendigo Botanic Gardens and Bendigo Creek Trail. The suburb is also within easy reach of Bendigo Art Gallery, Ulumbarra Theatre, Central Deborah Gold Mine and the city's year-round calendar of festivals, exhibitions and community events, together with nearby Box–Ironbark forests that provide opportunities for bushwalking and nature-based recreation.

You’re out of free articles for this month
Loading form...