With a capital gain of 6.94% for the last 12 months, Spring Gully, 3550 has performed for property investments than its average annual 4.92% property growth over the last 5 years.
A 18.12% growth in median value for property investors in Spring Gully,3550 puts this suburb at number 526th in terms of best performing suburbs in VIC
Spring Gully3550 is located in VIC which offers an average discount of -5.26% to property investors. Spring Gully itself is showing figures that indicate -4.35% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Spring Gully being $370000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.29%
At number 89th in the list of Australian suburbs ordered by increase in median house value over the last year, Spring Gully, 3550 is in the top 10% with a property value increase of 25.00% recorded in median house prices.
Spring Gully,3550 was ranked 24 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Spring Gully itself are offering an average vendor discount of -6.19% to real estate investors.
Often selling an investment property can take time, and in Spring Gully the average time real estate has been on the market is 120 days.
Situated 127.60km from the CBD, Spring Gully is one of Greater Bendigo localities in the postcode 3550.