Suburb Profile
Spring Gully - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3550
Based on its average 5-year and quarterly capital gains SPRING GULLY, 3550 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that SPRING GULLY, 3550 obtained a 5.08% growth over a ten-year period. It ranks 1504th on our list of suburbs that property investors should look into.
SPRING GULLY, 3550 in VIC belongs to the local government area of Greater Bendigo.
SPRING GULLY, 3550 has a capital gain of 4.05% for the past year, which is higher than average compared to its 16.67% growth within a five-year period.
With the median home price in SPRING GULLY sitting at $385,000, and the average rent at $332.5, property owners could potentially earn a 4.49% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SPRING GULLY are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $385,000 | $282,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.28% | -2.16% |
| Median 12 month | 4.05% | 22.83% |
| Median 3 years | 10% | 38.14% |
| Median 5 years | 16.67% | 35.49% |
| 10 years average annual | 5.08% | 5.74% |
| Weekly media advert. rent | $332.5 | $264.5 |
| Time on Market | 86.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.49% | 4.87% |
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