California Gully

POSTAL CODE: VIC, 3556

HOUSE

Property investors enjoyed capital gains of 23.5% 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 8.74% growth over a ten-year period. It ranks 772nd on our list of suburbs that property investors should look into.

CALIFORNIA GULLY, 3556 has a capital gain of 23.5% for the past year, which is higher than average compared to its 61.43% growth within a five-year period.

With the median home price in CALIFORNIA GULLY sitting at $565,000, and the average rent at $480, property owners could potentially earn a 4.42% increase in gross rental yield.

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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$565,000	N/A
Growth Report
Median Quarterly	2.26%	N/A
Median 12 month	23.5%	N/A
Median 3 years	22.43%	N/A
Median 5 years	61.43%	N/A
10 years average annual	8.74%	N/A
Weekly media advert. rent	$480	N/A
Time on Market	43.2 days	N/A
Gross Rental Yield Percent	4.42%	N/A

Demographics (Median Values)*

Total Population 13085

Weekly Household Income 964

Household Size 2.40

Average 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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