2. VIC
  3. Greater Bendigo

Houses Units

Here you can find what you need to know about Spring Gully, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$630K Median Sale Price (National Average $485k) 494th In VIC
-2.33% Median Sale Price Change (1yr) (National Average 4.30%) 2542nd In VIC
$470pw Median Rent (National Average $395) 448th In VIC
3.9% Median Gross Yield (National Average 4.24%) 207th In VIC
Properties sold 38
Average discounting -4.98%
Average Days on Market 76
Stock on Market 31 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Spring Gully, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Spring Gully, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Spring Gully, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Spring Gully


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Spring Gully, VIC 3550

Part of: Greater Bendigo Council No data available

The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2011 was 2,983 people. By 2016 the population was 2,994 showing a population growth of 0.4% in the area during that time. The predominant age group in Spring Gully is 50-59 years. Households in Spring Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation. In 2011, 73.8% of the homes in Spring Gully were owner-occupied compared with 73% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Spring Gully

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Spring Gully   for Houses in last 12 months


There have been 38 Houses sold in Spring Gully in the past 12 months with a median sale price of $630K, down 2.3% annually. It takes on average 57 days to sell with vendor discounting of -5.0%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Spring Hill QLD, 4000 -4.76% $1,300,000 $690pw 2.8% View Suburb Profile
Grovedale VIC, 3216 Unavailable $660,000 $500pw 3.9% View Suburb Profile
Crestwood NSW, 2620 4.92% $800,000 $630pw 4.1% View Suburb Profile
East Cannington WA, 6107 25.29% $639,000 $650pw 5.3% View Suburb Profile
Quarry Hill VIC, 3550 -6.19% $591,000 $460pw 4.0% View Suburb Profile
Bendigo VIC, 3550 -6.61% $600,000 $460pw 4.0% View Suburb Profile

Currency

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