If you compare the increase in value of investment property in Long Gully, 3550 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.03%.
Long Gully,3550 has offered an average of 6.03% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Long Gully is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 234th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $297 and the average annual increase in value of a median property of 4.04%, investors should hope to achieve an overall return of 5.58%