Suburb Profile Report for California Gully VIC (3556)

California Gully House: Median price $285,000, Annual capital growth 3.68%, Number of sales 73, Weekly median advertised rent $300

California Gully Unit: Median price $176,375, Annual capital growth 14.13%, Number of sales 10, Weekly median advertised rent $260

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by -0.82% which means that California Gully, 3556 has not done well for property investors by showing a capital gain of 4.59% over the last year

Comparing California Gully,3556 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in California Gully 3556 should be seeing an average reduction in asking price of around -4.98% . This means that California Gully is holding prices well when compared to other suburbs in VIC.

At number 596 in a list of fastest selling suburbs, California Gully is in the TOP 20% of suburbs in Australia with an average of days on market 57.3273 for properties listed there.

California Gully, 3556’s gross rental yield is 5.47%

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

The VIC suburb of California Gully, 3556 is in the Greater Bendigo (C) local government area.

Metrics i HOUSE UNIT
$285,000 $176,375
1.79% N/A
4.59% N/A
3.68% 14.13%
$300 $260
73 10
5.47% 7.67%
57.3272727272727 N/A

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
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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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