Investment property in Spring Gully has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.56%
Across a shorter period, Spring Gully, 3550 has seen a median price increase of 0.82% over the last quarter.
At number 407th of VIC’s most discounted properties, Spring Gully is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Spring Gully have been waiting around 58.55 days to sell a property.
Spring Gully is 183th on a list of best yielding suburbs for rents in VIC with a 4.36% return
Property value increases in Spring Gully have tracked lower than the VIC average of 4.79% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Spring Gully has fallen somewhat when compared to the 5 year average annual rate.
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 -5.99% is being offered, which puts this VIC suburb at 459th most discounted overall in Australia.
Property investors should expect to get $264 weekly from the median priced house in this suburb.