Located in Victoria within the Greater Bendigo local government area, Long Gully is a smaller residential area (postcode 3550). With a population of 3,420, the suburb has an established demographic with a median age of 38. Households earn a median income of $51K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Long Gully sit at $448,000, little changed on a year ago. Units have a median price of $350,000 (+2.9% YoY). The current median weekly rent is $493. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,117.
Public transport access includes 15 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.7% (high yield). Property prices sit below the state median ($448K/$875K), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved -0.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.