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.
Homeowners and real estate investors betting on SPRING GULLY, 3550 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.83%.
A steady increase in median property prices over a five-year period in SPRING GULLY, 3550 translates to a 38.14% capital gain.
Property investors enjoyed capital gains of 22.83% over the last 12 months in SPRING GULLY, translating to lower returns compared with its peers in VIC.
SPRING 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 $282,500.
Profits due to an upward trend in home prices in SPRING GULLY, 3550 averaged 12.71% per annum over a 3-year period.
Home owners selling their properties and realtors in SPRING GULLY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $264.5 mark, reflecting a 4.87% increase in returns based on the current median price in SPRING GULLY.
SPRING GULLY, 3550 places 310th in Australia based on median property value growth during the quarter.