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%