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Green Gully, VIC 3462
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
list-price estimate
Median Unit
$725,000
Gross Yield (houses)
5.6%
1yr Growth
-
Investment snapshot for Green Gully
Green Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Green Gully market and investor summary
In Green Gully, VIC 3462, houses show a gross rental yield of 5.6%. At 15.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.6% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 15.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 411 days on market, so plan for a slower exit if you ever need one.
Living in Green Gully: people, income and schools
Green Gully has a resident population of roughly 71, and the area has been growing steadily, up about 8% over five years. At a median age of 60, it reads as an older, established demographic, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $56,000 a year (about $1,080 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 36% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 71
- +8% over 5yr
- Median age
- 60 years
- Median household income
- $56,000/yr
- Households renting
- 14%
- Family households
- 58%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1081
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Green Gully
View all →Frequently asked questions about Green Gully
What should I check before investing in Green Gully?
Green Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.6%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Green Gully?
The median property price in Green Gully, VIC 3462 is $725K for units.
What rental yield does Green Gully show?
The gross rental yield in Green Gully is 5.6% for houses and 2.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Green Gully?
The current vacancy rate in Green Gully is 15.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Green Gully?
Green Gully has a population of approximately 71 residents, with a median age of 60.
What schools are near Green Gully?
There are 1 school within roughly 5km of Green Gully. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Green Gully's population growing?
The population of Green Gully has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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