Thinking about buying in Golden Gully? Now could not be a better time, with just 241 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $571,000 with prices in this suburb ranging from $142,000 to $828,000. The aproximate distance to the coast is 125 Km.
Median Weekly Rent | $292.50 |
Median Monthly Mortgage | $1275.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 37.50 |
Average Income | $787.00 |
Average Cars Per Dwelling | 1.72 |
Average Properties Within 50M | 5 |
3 Bed  $500,000 |
4 Bed  $774,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Golden Gully due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Golden Gully leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Golden Gully to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Golden Gully we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Golden Gully a better buying opportunity than it may have been in the past.
120 MACDOUGALL RD, GOLDEN GULLY, VIC, 3555 | $285,000 - $310,000 |
Spring Gully Primary School
St Monica's School
Quarry Hill Primary School
Golden Square Primary School
St Joseph's School
Bendigo Special Developmental School
Creek Street Christian College
Crusoe 7-10 Secondary College
Kangaroo Flat Primary School
(While the above schools are located with the suburb of Golden Gully there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Sept | 1.7 | 4.9 | 17.6 | 44.7 | 93.5 | 3.5 | 15.7 |
Oct | 1.3 | 7.5 | 22.0 | 35.4 | 88.4 | 3.9 | 21.1 |
Nov | 1.5 | 10.4 | 25.5 | 30.0 | 85.5 | 4.1 | 24.6 |
Dec | 0.7 | 12.6 | 29.0 | 23.1 | 78.0 | 4.4 | 28.3 |
Jan | 0.7 | 14.8 | 32.2 | 20.9 | 75.6 | 4.4 | 27.3 |
Feb | 1.0 | 14.8 | 30.1 | 27.0 | 79.4 | 4.2 | 23.0 |
Mar | 1.5 | 12.4 | 26.3 | 33.4 | 83.7 | 3.7 | 18.2 |
Apr | 1.5 | 8.8 | 21.8 | 40.1 | 88.3 | 3.2 | 13.4 |
May | 1.6 | 5.7 | 16.9 | 53.1 | 94.8 | 2.8 | 9.7 |
Jun | 1.7 | 3.7 | 13.6 | 62.0 | 96.8 | 2.6 | 8.0 |
Jul | 1.8 | 3.0 | 12.9 | 62.2 | 97.0 | 3.0 | 7.8 |
Aug | 1.5 | 3.3 | 14.3 | 53.4 | 96.0 | 3.2 | 11.1 |
source: Australian Government Bureau of Meteorology
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