Spring Gully, VIC 3550
Compare Part of Greater Bendigo
128.24 km
Distance from Melbourne CBD
38 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $285,000 | 0.0% | $50,000 | $435,000 | 34 |
| 2010 | $288,000 | +1.0% | $120,000 | $490,000 | 24 |
| 2011 | $325,000 | +11.4% | $225,000 | $790,000 | 30 |
| 2012 | $327,000 | +0.6% | $205,000 | $816,000 | 62 |
| 2013 | $340,000 | +3.8% | $145,000 | $585,000 | 47 |
| 2014 | $355,000 | +4.2% | $190,000 | $600,000 | 48 |
| 2015 | $390,000 | +9.0% | $170,000 | $816,000 | 38 |
| 2016 | $345,000 | -13.0% | $210,000 | $690,000 | 37 |
| 2017 | $420,000 | +17.9% | $255,000 | $912,000 | 49 |
| 2018 | $415,000 | -1.2% | $235,000 | $1,600,000 | 48 |
| 2019 | $380,000 | -9.2% | $210,000 | $820,000 | 50 |
| 2020 | $450,000 | +15.6% | $260,000 | $806,000 | 45 |
| 2021 | $560,000 | +19.6% | $330,000 | $1,050,000 | 54 |
| 2022 | $610,000 | +8.2% | $367,500 | $1,136,500 | 43 |
| 2023 | $650,000 | +6.2% | $385,000 | $1,050,000 | 36 |
| 2024 | $680,000 | +4.4% | $490,000 | $925,000 | 11 |
Median Sale Price
$715K
Based on 36 recorded sales within the last 12 months
Updated on 25 Apr 2024
Suburb Growth
+16.8%
Current Median Price: $715,000
Previous Median Price: $595,000
Based on 76 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $330 | 0.0% | $200 | $520 | 36 |
| 2012 | $310 | -6.5% | $185 | $435 | 45 |
| 2013 | $295 | -5.1% | $240 | $680 | 51 |
| 2014 | $320 | +7.8% | $190 | $680 | 62 |
| 2015 | $300 | -6.7% | $185 | $750 | 65 |
| 2016 | $300 | 0.0% | $200 | $410 | 41 |
| 2017 | $330 | +9.1% | $230 | $500 | 45 |
| 2018 | $330 | 0.0% | $145 | $450 | 28 |
| 2019 | $370 | +10.8% | $280 | $560 | 27 |
| 2020 | $395 | +6.3% | $270 | $470 | 22 |
| 2021 | $390 | -1.3% | $260 | $625 | 30 |
| 2022 | $420 | +7.1% | $283 | $630 | 31 |
| 2023 | $480 | +12.5% | $320 | $700 | 30 |
| 2024 | $480 | 0.0% | $370 | $580 | 9 |
Median Rent Price
$470
per week
Based on 33 recorded rent within the last 12 months
Updated on 25 Apr 2024
Rent Price Growth
+8.5%
Current Median Rent: $470
Previous Median Rent: $430
Based on 61 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.4%
Current Median Price: $715,000
Current Median rent: $470
Based on 69 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Spring Gully
Houses sold in Last 12 months ends 20 Apr 2024
$610K
Median Sale Price
100%
Clearance Rate
3/3
Sold/Reported
$810K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M | 1 | |
| $600 K - $800 K (Median Price Range) | 1 | |
| $400 K - $600 K | 1 | |
Similar Suburbs to Spring Gully 3550
Based on median house sale price sold in last 12 months
Schools closest to Spring Gully, VIC 3550
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Spring Gully Primary School | 104-110 SPRING GULLY ROADBendigo 3550 | Primary | Government | 0.15 km |
| Quarry Hill Primary School | 25 PEEL STREETQuarry Hill 3550 | Primary | Government | 2.19 km |