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Long Gully, VIC 3550
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$550,000
market range $525K-$600K
Median Unit
$480,000
market range $400K-$525K
Gross Yield (units)
4.7%
1yr Growth (houses)
+13.2%
market range +7.5% to +20.0%
Investment snapshot for Long Gully
Long Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Long Gully market and investor summary
Long Gully (VIC 3550) runs a median house price of $550K. House prices have moved +13.2% over the past year and +36.2% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
Living in Long Gully: people, income and schools
Long Gully has a resident population of roughly 3,420, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and families account for 59% of households.
Households here earn a median of about $51,000 a year, or roughly $990 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There are 29 schools within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 30 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,420
- -0% over 5yr
- Median age
- 38 years
- Median household income
- $51,000/yr
- Households renting
- 43%
- Family households
- 59%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 29
- avg ICSEA 912
- Unemployment
- 4.7%
- Walk score
- 30/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Long Gully
View all →Frequently asked questions about Long Gully
What should I check before investing in Long Gully?
Long Gully has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +13.2% 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 Long Gully?
The median property price in Long Gully, VIC 3550 is $550K for houses and $480K for units.
What rental yield does Long Gully show?
The gross rental yield in Long Gully is 4.7% for units. 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 Long Gully?
House prices in Long Gully are up 13.2% over the past year and up 36.2% 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 Long Gully?
The current vacancy rate in Long Gully is 1.1%. 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 Long Gully?
Long Gully has a population of approximately 3,420 residents, with a median age of 38.
What schools are near Long Gully?
There are 29 schools within roughly 5km of Long 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 Long Gully affordable to buy in?
A median house in Long Gully costs about 10.7 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 Long Gully's population growing?
The population of Long Gully has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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