Suburb Profile Report for Long Gully VIC (3550)

Long Gully House: Median price $240,000, Annual capital growth 4.01%, Number of sales 50, Weekly median advertised rent $260

Long Gully Unit: Median price $230,000, Annual capital growth 2.27%, Number of sales 10, Weekly median advertised rent $263

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

Source: CoreLogic

  • House Report
  • Unit Report

Long Gully is in the bottom 20% in VIC when comparing median price capital growth over the last year. Long Gully gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.00%.

The five-year average increase in median property values for Long Gully,3550 has given property investors a potential capital gain of 13.34% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Long Gully, 3550. Typically our figures indicate that -7.85% is being offered, which puts this VIC suburb at 835th most discounted overall in Australia.

Renters in Suburb are facing rents around $3120 per annum or $260 every week.

At number 1123th in the list of Australian suburbs ordered by increase in median house value over the last year, Long Gully, 3550 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.

Long Gully, 3550’s gross rental yield is 5.93%

HOUSE UNIT
$240,000 $230,000
1.05% N/A
-4.00% 0.00%
4.01% 2.27%
$260 $263
50 10
5.63% 5.93%
83.22 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (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
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