If you compare the increase in value of investment property in Spring Gully, 3550 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.47%.
The five-year average increase in median property values for Spring Gully,3550 has given property investors a potential capital gain of 19.35% 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 Spring Gully, 3550. Typically our figures indicate that -3.54% is being offered, which puts this VIC suburb at 3316th most discounted overall in Australia.
Property investors who have had real estate in Spring Gully, 3550 should be relatively 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 -2.20%
A -7.29% growth in median value for property investors in Spring Gully,3550 puts this suburb at number 350th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Spring Gully is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 6.97%, investors should hope to achieve an overall return of 6.08%