Giving property investors a an unimpressive capital gain of -1.43% for the last year, Spring Gully, 3550 is the 3040th highest performer in Australia in this respect.
Spring Gully,3550 was ranked 2775 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 -6.03% offered to property buyers. Sellers in Spring Gully itself are offering an average vendor discount of -5.60% to real estate investors.
Residents and property investors in Spring Gully have been waiting around 71.58 days to sell a property.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.82%, without taking into account capital value appreciation, which has been averaging out at 3.80%.
At number 323th in the list of Australian suburbs ordered by increase in median house value over the last year, Spring Gully, 3550 is in the top 20% with a property value increase of 10.98% recorded in median house prices.
A 21.33% growth in median value for property investors in Spring Gully,3550 puts this suburb at number 72th 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 -5.12. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in VIC
At number 1468 in a list of fastest selling suburbs, Spring Gully is in the bottom 10% of suburbs in Australia with an average of days on market 184.36 for properties listed there.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.