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Spring Gully Property Investment Overview

Suburb research data for Spring Gully, VIC 3550 — median prices, rental yield and suburb signals. General information only.

Government Public Data Price 2025 Rent 2021
Median House Price
$616,300
2025 data
Gross Rental Yield
2.4%
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Weekly Rent
$290
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Renter Demand
33%
of residents rent
Vacancy Rate
1.9%
Low — tight market
Population
3,092
Suburb residents
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📍 Suburb Overview

State VIC
Postcode 3550
Median house price $616,300
Median unit price $398,500
Weekly rent (median) $290/wk (unlock cashflow model)
Gross yield 2.4% (unlock risk & score)
Renter % 32.9%
Vacancy rate 1.91%
Population 3,092
Median household income $80,236/yr
Owner-occupied 67.1%
Median age 45 yrs
Total dwellings 788

🛡️ Safety & Crime

Reported crime level Higher reported crime
Incidents / 1,000 residents 68

Spring Gully shows above-average reported crime compared with other VIC suburbs, based on 2024 state police data.

Source: VIC police / crime statistics. Reported offences vary by category and reporting practices — check current local figures before deciding.

Investment Signals

Confidence: High High

Multiple core metrics are available, including price, rent/yield and population or demand indicators.

Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.

✅ Low vacancy (1.9%) — tight rental market
⚠️ Rent data is from 2021 — may not reflect current market
⚠️ Higher reported crime (68 incidents/1,000 residents) — VIC reported data 2024
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Price History

Source: VIC_DTPLI_Quarterly. Suburb-level medians — not individual sale prices.

🏫 Schools

School data is not yet available for VIC suburbs (currently NSW & VIC).

🔄 Compare & Explore

Spring Gully's 2.4% gross rental yield is in line with the VIC median of 2.5%, across 753 VIC suburbs with public data.

Similar suburbs in VIC by price range, ranked by yield:

Berwick, VIC
6.9% yield
$453,000
Ferntree Gully, VIC
6.9% yield
$451,000
Mornington, VIC
6.9% yield
$525,000
Dromana, VIC
6.7% yield
$462,000
Lilydale, VIC
6.7% yield
$469,000
Croydon, VIC
6.6% yield
$470,000
Compare with nearby Open comparison →
Best suburbs to invest in VIC View VIC shortlist →
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💰 Cashflow Snapshot

80% LVR · 6.2% interest · indicative only — not financial advice
Purchase price $616,300
Deposit (20%) $123,260
Loan (80% LVR) $493,040
Weekly rent $290/wk
Annual rent income $15,080/yr
Est. annual interest -$••,•••
Mgmt fees + costs -$•,•••
Est. net cashflow +/- $••,•••/yr
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❓ Frequently Asked Questions

Is Spring Gully a good suburb to invest in?

Spring Gully has an average renter proportion and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.

What is the median house price in Spring Gully?

The median house price in Spring Gully is approximately $616,300 based on 2025 public data.

What is the rental yield in Spring Gully?

The indicative gross rental yield in Spring Gully is 2.4%, based on a median weekly rent of $290 against a median price of $616,300. This is general data only — actual yields vary by property, condition and market timing.

How does Spring Gully compare to other suburbs?

Use the suburb comparison tool to compare Spring Gully against other Australian suburbs by price, yield, vacancy and renter demand.

Is Spring Gully a safe suburb?

Spring Gully shows above-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 68 incidents per 1,000 residents. Always check current local crime statistics before deciding.

Where does PropertyScoutAU get its suburb data?

PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.

General information only. PropertyScoutAU provides suburb-level research data from government public sources. All figures are indicative medians and may not reflect current market conditions or individual property values. This is not financial, investment, legal or tax advice. Always verify independently and consult qualified professionals before making any property decision. About our data →