California Gully is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3556). With a population of 4,476, the suburb has an established demographic with a median age of 39. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in California Gully is $458,000, having dipped slightly 0.7% over the past year. Units have a median price of $316,000 (-13.6% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,200.
California Gully is served by 1 school, including 1 primary. The average ICSEA score is 913, which is below the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, California Gully offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($458K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved -0.7% year-on-year.
California Gully is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3556). With a population of 4,476, the suburb has an established demographic with a median age of 39. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in California Gully is $458,000, having dipped slightly 0.7% over the past year. Units have a median price of $316,000 (-13.6% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,200.
California Gully is served by 1 school, including 1 primary. The average ICSEA score is 913, which is below the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, California Gully offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($458K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved -0.7% year-on-year.