Long Gully

POSTAL CODE: VIC, 3550

HOUSE

UNIT

LONG GULLY ranks 14th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.89% for the past year is lower than average compared to its 61.83% growth within a five-year period.

Also in LONG GULLY, the median home price is sitting at $485,500, and the average rent at $460, this suggests property owners could potentially earn a 4.93% increase in gross rental yield.

Property investors have seen a 0% gain in LONG GULLY based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.66% growth over a ten-year period. It ranks 1484th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in LONG GULLY, 3550 translates to a 14.21% capital gain.

LONG GULLY, 3550 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $436,300.

Augmented property values in LONG GULLY are trailing above the VIC average of 2.9% for the past year.

Real estate investors could earn a rental income of $465 based on current median home prices for the suburb.

Home owners selling their properties and realtors in LONG GULLY usually have to wait an average of 38.4 days days before their assets are lifted off the market.

LONG GULLY ranks 44th on the list of best yielding suburbs for rental properties in VIC, posting a 5.54% return.

LONG GULLY, 3550 places th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$485,500	$436,300
Growth Report
Median Quarterly	0%	0%
Median 12 month	7.89%	10.46%
Median 3 years	9.35%	14.21%
Median 5 years	61.83%	45.43%
10 years average annual	7.66%	9.3%
Weekly media advert. rent	$460	$465
Time on Market	61.8 days	38.4 days
Gross Rental Yield Percent	4.93%	5.54%

Demographics (Median Values)*

Total Population 40339

Weekly Household Income 1107

Household Size 2.30

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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