California Gully, 3556 ranked 520th in VIC when comparing growth in median property values or capital gain over the last 12 months. California Gully is one of 2098 in our list for VIC
A 5.10% growth in median value for property investors in California Gully,3556 puts this suburb at number 420th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in California Gully itself are offering an average vendor discount of -7.45% to real estate investors.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.84%, investors should hope to achieve an overall return of 5.25%
With the median price for a house in California Gully being $193500 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 6.45%