Suburb Profile Report for California Gully VIC (3556)

California Gully House: Median price $257,500, Annual capital growth 3.84%, Number of sales 84, Weekly median advertised rent $260

California Gully Unit: Median price $193,500, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$257,500 $193,500
0.98% N/A
3.00% N/A
3.84% N/A
$260 $240
84 10
5.25% 6.45%
109.62 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4262
Median household income ($/weekly) 782
Median age of persons 36
Median housing loan repayment ($/monthly) 1127
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 625 14.7
    25-34 years 576 13.5
    35-44 years 514 12.1
    45-54 years 485 11.4
    55-64 years 474 11.1
    Others 1589 37.3
    Age Group
    Census Count Percent(%)
    Not Married 1476 49.3
    Registered Married 1194 39.9
    Defacto Relationship 324 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3847 95.0
    Greece 11 0.3
    Papua New Guinea 33 0.8
    United Kingdom 95 2.3
    Other 19 0.5
    Others 45 1.1
    Country of Birth
    Census Count Percent(%)
    Christianity 2570 68.0
    No Religion 1158 30.7
    Buddhism 23 0.6
    Other Religious Groups 23 0.6
    Judaism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 175 11.6
    $400-$599 271 18.0
    $600-$799 206 13.7
    $800-$999 180 12.0
    $1,500-$1,999 156 10.4
    Others 517 34.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1398 44.3
    Employed, worked full-time 930 29.5
    Employed, worked part-time 563 17.9
    Employed, away from work 132 4.2
    Unemployed, looking for work 130 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 199 12.3
    Technicians & trades workers 289 17.9
    Community & personal service workers 186 11.5
    Sales 193 11.9
    Labourers 286 17.7
    Others 465 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 71 7.7
    Infants/Primary 386 41.8
    Secondary 267 28.9
    Technical or Further Educational Institution 99 10.7
    University or other Tertiary Institutions 64 6.9
    Others 37 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3829 95.6
    Flat, unit or apartment 111 2.8
    Semi-detached, row or terrace house, townhouse 50 1.2
    House or flat attached to a shop, office 14 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 572 35.5
    Rented 513 31.8
    Fully owned 510 31.7
    Other tenure type 16 1.0
    Tenure Type
Census 2011, ABS
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