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2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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Spring GullySpring Gully - SUBURB PROFILE REPORT
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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 5.62% growth over a ten-year period. It ranks 2110th 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 (C).
SPRING GULLY, 3550 has a capital gain of 14.22% for the past year, which is higher than average compared to its 50.42% growth within a five-year period.
With the median home price in SPRING GULLY sitting at $534,000, and the average rent at $390, property owners could potentially earn a 3.8% 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 | $534,000 | $295,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.45% | -8.53% |
| Median 12 month | 14.22% | -12.27% |
| Median 3 years | 31.05% | 6.31% |
| Median 5 years | 50.42% | 31.11% |
| 10 years average annual | 5.62% | 3.44% |
| Weekly media advert. rent | $390 | $300 |
| Time on Market | 36.8 days | 59.5 days |
| Gross Rental Yield Percent | 3.8% | 5.29% |
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