Spring Gully is in the bottom 20% in VIC when comparing median price capital growth over the last year. Spring Gully gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.71%.
Over the longer term, Spring Gully has seen property prices show investors a -0.29% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Spring Gully are currently offering property investors an average price cut of -5.45% below the asking price at the moment.
Over the last year, property investments in Spring Gully, 3550 have given investors a capital gain of 10.98%. This compares very favourably with the 4.09% for VIC as a whole.
Spring Gully,3550 was ranked 1548 in Australia by increase in median property value over the quarter.
In the last year 16 properties changed hands in Spring Gully, which puts it as the 315th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $250 weekly from the median priced house in this suburb.