California Gully

California Gully, VIC 3556, has a population of 4,476 with a diverse age distribution. The suburb shows steady population growth over the years with good educational opportunities available. Residents have a median household income of $1,054 per week, and the majority of occupations in the area include Technicians And Tradeworkers, Community And Personal Service Workers, and Labourers. The suburb provides various commuting options including motor vehicles and working from home (WFH). With an ICSEA value at the 14th percentile, local government schools offer decent educational advantages for students. For houses in California Gully, the suburb displays promising investment opportunities. With a median house price of $540,000, a sale Price IQR representing a 25.9% IQR ratio suggests potential for renovators. The market absorption rate of 25% indicates high demand, likely leading to upward price trends. Additionally, the rental yield for houses is at 4.6%. For units, the median price stands at $346,000 with a sale Price IQR ratio of 28.6%, indicating good prospects for investors seeking renovation projects. California Gully, VIC 3556, offers a vibrant community with positive population growth and various amenities. It presents attractive prospects for both homebuyers and property investors. The suburb's educational facilities, commuting options, and affordable housing make it an appealing location for families, professionals, and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022