Suburb Profile Report for Long Gully VIC (3550)

Long Gully House: Median price $253,750, Annual capital growth 3.96%, Number of sales 42, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 1736th in the list of Australian suburbs ordered by increase in median house value over the last year, Long Gully, 3550 is in the top half with a property value increase of 8.44% recorded in median house prices.

While Long Gully,3550 ranked number 150th in VIC for increase in median house value (annualised) increase, it is ranked 510th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Long Gully itself are offering an average vendor discount of -8.13% to real estate investors.

At number 2977 in a list of fastest selling suburbs, Long Gully is in the bottom 30% of suburbs in Australia with an average of days on market 107.52 for properties listed there.

Using the current median advertised rental of $275 and the average annual increase in value of a median property of 3.96%, investors should hope to achieve an overall return of 5.64%

Metrics i HOUSE UNIT
$253,750 N/A
4.86% N/A
8.44% N/A
3.96% N/A
$275 N/A
42 N/A
5.64% N/A
107.52 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3338
Median household income ($/weekly) 710
Median age of persons 38
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 420 12.6
    25-34 years 415 12.4
    35-44 years 414 12.4
    45-54 years 369 11.1
    55-64 years 416 12.5
    Others 1305 39.1
    Age Group
    Census Count Percent(%)
    Not Married 1286 53.6
    Registered Married 872 36.3
    Defacto Relationship 242 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2977 94.1
    New Zealand 12 0.4
    Papua New Guinea 24 0.8
    United Kingdom 66 2.1
    Other 24 0.8
    Others 59 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1940 64.4
    No Religion 1024 34.0
    Other Religious Groups 23 0.8
    Buddhism 20 0.7
    Islam 5 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 170 14.2
    $400-$599 222 18.6
    $600-$799 172 14.4
    $800-$999 120 10.0
    $1,000-$1,249 126 10.5
    Others 386 32.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1169 47.5
    Employed, worked full-time 690 28.0
    Employed, worked part-time 404 16.4
    Unemployed, looking for work 120 4.9
    Employed, away from work 78 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 139 11.9
    Technicians & trades workers 203 17.4
    Community & personal service workers 130 11.1
    Sales 136 11.6
    Labourers 223 19.1
    Others 338 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 52 7.5
    Infants/Primary 263 38.1
    Secondary 196 28.4
    Technical or Further Educational Institution 80 11.6
    University or other Tertiary Institutions 68 9.8
    Others 32 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2938 94.6
    Flat, unit or apartment 95 3.1
    Semi-detached, row or terrace house, townhouse 74 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 531 41.0
    Being purchased 382 29.5
    Fully owned 377 29.1
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals