1 Palm Avenue

Spring Gully VIC 3550

The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2011 was 2,983 people. By 2016 the population was 2,994 showing a population growth of 0.4% in the area during that time. The predominant age group in Spring Gully is 50-59 years. Households in Spring Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation. In 2011, 73.8% of the homes in Spring Gully were owner-occupied compared with 73% in 2016.

Spring Gully has 1,653 properties. Over the last 5 years, Houses in Spring Gully have seen a 41.80% increase in median value, while Units have seen a 35.55% increase. As at 31 October 2024:

• The median value for Houses in Spring Gully is $606,469 while the median value for Units is $358,033.
• Houses have a median rent of $470 while Units have a median rent of $430.