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California Gully
AREA REPORTS

California Gully

California Gully - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3556

house
unit

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).

Data report can be found below

California Gully
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 $303,500
GROWTH REPORT
Median Quarterly 4.68% 6.12%
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%
demographics (median values)*
Total Population
13085
Weekly Household Income
964
Household Size
2.40
Age
38
Monthly Loan Repayment
1257
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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