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Property investors enjoyed capital gains of 31.78% over the last 12 months in CALIFORNIA GULLY, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.21% growth over a ten-year period. It ranks 1851st on our list of suburbs that property investors should look into.
CALIFORNIA GULLY, 3556 has a capital gain of 31.78% for the past year, which is higher than average compared to its 66.67% growth within a five-year period.
With the median home price in CALIFORNIA GULLY sitting at $425,000, and the average rent at $375, property owners could potentially earn a 4.59% increase in gross rental yield.
A 31.78% increase in median property prices in CALIFORNIA GULLY, 3556 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 77th.
Figures from the previous quarter show that capital gains for real estate buyers in CALIFORNIA GULLY are low, as opposed to average gains per annum over the past five years.
CALIFORNIA GULLY, 3556 in VIC belongs to the local government area of Greater Bendigo (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.78%||N/A|
|Median 3 years||50.44%||N/A|
|Median 5 years||66.67%||56.85%|
|10 years average annual||6.21%||N/A|
|Weekly media advert. rent||$375||$325|
|Time on Market||22.2 days||0.0 days|
|Gross Rental Yield Percent||4.59%||5.57%|