Property value increases in Spring Gully have tracked lower than the VIC average of 4.41% over the last 12 months.
Spring Gully,3550 was ranked 3340 in Australia by increase in median property value over the quarter.
Spring Gully, 3550 is offering VIC ‘s 499th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Residents and property investors in Spring Gully have been waiting around 68.0488 days to sell a property.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 2.62%.
Spring Gully, 3550 ranked 234th in VIC when comparing growth in median property values or capital gain over the last 12 months. Spring Gully is one of 2099 in our list for VIC
Taking the average capital gain, or increase in median house value, Spring Gully,3550 has racked up an average of 2.19% over the period. This ranks it number 650th in the whole country for real estate investors looking at median house price increases.
At number 643 in a list of fastest selling suburbs, Spring Gully is just in the top half of suburbs in Australia with an average of days on market 75.5 for properties listed there.
Advertised rents are around the $273.5 mark per week – giving a return of 5.29% based on the median price in Suburb