Over the last year, property investments in Spring Gully, 3550 have given investors a capital gain of 7.27%. This compares badly with the 11.73% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Spring Gully has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.
Giving property investors a a solid capital gain of 37.50% for the last year, Spring Gully, 3550 is the 25th highest performer in Australia in this respect.
Comparing Spring Gully,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
With the median price for a house in Spring Gully being $302500 and the advertised rent reaching $264 the gross rental yield for property investors calculates out to be 4.54%