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Spring Gully
AREA REPORTS

Spring Gully

Spring Gully - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3550

house
unit

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.

Data report can be found below

Spring Gully
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%
demographics (median values)*
Total Population
40339
Weekly Household Income
1107
Household Size
2.30
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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