Giving property investors a an average capital gain of 4.95% for the last year, Spring Gully, 3550 is the 2199th highest performer in Australia in this respect.
Spring Gully,3550 was ranked 1392 in Australia by increase in median property value over the quarter.
Property buyers and investors in Spring Gully 3550 should be seeing an average reduction in asking price of around -3.69% . This means that Spring Gully is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Spring Gully the average time real estate has been on the market is 47.4 days.
Spring Gully, 3550’s gross rental yield is 4.48%
Spring Gully has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.00% to date .
Spring Gully,3550 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Spring Gully are currently offering property investors an average price cut of -6.24% below the asking price at the moment.
With the median price for a house in Spring Gully being $235000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.75%