Property investors who have had real estate in Long Gully, 3550 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.04%
The five-year average increase in median property values for Long Gully,3550 has given property investors a potential capital gain of 9.45% across each of those five years.
Vendor discounting in Long Gully is giving property investors an average Vendor Discount of around -6.25%. This puts suburb at number 224th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $267.5 and the average annual increase in value of a median property of 3.17%, investors should hope to achieve an overall return of 5.86%
Long Gully, 3550 ranked 237th in VIC when comparing growth in median property values or capital gain over the last 12 months. Long Gully is one of 2098 in our list for VIC
Across a shorter period, Long Gully, 3550 has seen a median price increase of -4.20% over the last quarter.
Renters in Suburb are facing rents around $3120 per annum or $260 every week.