Investment property in California Gully has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.40%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in California Gully has increased when compared to the 5 year average annual rate.
California Gully, 3556 is offering VIC ‘s 80th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
In the last year 75 properties changed hands in California Gully, which puts it as the 326th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.37%, investors should hope to achieve an overall return of 5.41%