Long Gully

Long Gully, VIC 3550 is a suburb with a population of 3420 residents. The age distribution is relatively even across various age groups, with a minor decrease in population over the past years. The majority of residents commute by motor vehicle, while a significant portion works from home. The suburb offers a mix of occupations, with notable representation from technicians and tradeworkers, community and personal service workers, and labourers. Long Gully presents investment opportunities for both houses and units. The suburb has shown positive median growth rates over different time frames, signaling potential for capital growth. The market absorption rate is high, indicating strong demand. For houses, the sale price IQR ratio suggests potential for renovation projects. Units have a lower sale price IQR ratio but offer a slightly higher yield, making them appealing to investors seeking rental returns. Long Gully, VIC 3550 is a diverse suburb with good potential for property investment. Homeowners can find a range of property options, while investors have opportunities in both the house and unit segments. The suburb's demographic mix and commuting patterns reflect a balanced lifestyle, with convenient access to amenities and a growing trend of working from home. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022