Long Gully is a smaller suburb in Victoria within the Greater Bendigo local government 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. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Long Gully is $450,000, having surged 12.5% over the past year. Units have a median price of $340,000 (-13.2% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Long Gully offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +12.5% year-on-year.
Long Gully is a smaller suburb in Victoria within the Greater Bendigo local government 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. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Long Gully is $450,000, having surged 12.5% over the past year. Units have a median price of $340,000 (-13.2% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Long Gully offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +12.5% year-on-year.