Property investors who have had real estate in Long Gully, 3550 should be 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 -5.05%
When looking at the potential capital gains offered to property investors over the last 3 years, Long Gully comes in at number 629th in VIC.
Our latest figures would indicate that property sellers in Long Gully are currently offering property investors an average price cut of -6.90% below the asking price at the moment.
Residents and property investors in Long Gully have been waiting around 98.04 days to sell a property.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.50%, investors should hope to achieve an overall return of 5.75%