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California Gully, VIC 3556
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$580,000
market range $550K-$625K
Median Unit
$510,000
list-price estimate
Gross Yield (houses)
4.5%
1yr Growth (houses)
+14.6%
market range +7.5% to +25.0%
Investment snapshot for California Gully
California Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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California Gully market and investor summary
California Gully (VIC 3556) runs a median house price of $580K, with houses yielding a gross 4.5%. House prices have moved +14.6% over the past year and +22.3% over three years. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in California Gully: people, income and schools
California Gully is home to around 4,476 people, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and families account for 63% of households.
Households here earn a median of about $55,000 a year, or roughly $1,050 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There are 26 schools within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 19 for walkability and 10 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 4,476
- +6% over 5yr
- Median age
- 39 years
- Median household income
- $55,000/yr
- Households renting
- 34%
- Family households
- 63%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 26
- avg ICSEA 947
- Unemployment
- 5.7%
- Walk score
- 19/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in California Gully
View all →Frequently asked questions about California Gully
What should I check before investing in California Gully?
California Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +14.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in California Gully?
The median property price in California Gully, VIC 3556 is $580K for houses.
What rental yield does California Gully show?
The gross rental yield in California Gully is 4.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for California Gully?
House prices in California Gully are up 14.6% over the past year and up 22.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in California Gully?
The current vacancy rate in California Gully is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in California Gully?
California Gully has a population of approximately 4,476 residents, with a median age of 39.
What schools are near California Gully?
There are 26 schools within roughly 5km of California Gully. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is California Gully affordable to buy in?
A median house in California Gully costs about 10.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is California Gully's population growing?
The population of California Gully has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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