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Long Gully suburb profile

Long Gully is a suburb located in the regional city of Bendigo, Victoria, known for its rich history and community spirit. Situated just a few kilometers from Bendigo's city center, it offers residents a blend of suburban tranquility and urban convenience. The area is characterized by its historic architecture, leafy streets, and a strong sense of community. Long Gully provides access to local amenities, including schools, parks, and shopping facilities, making it a practical choice for families and individuals alike. Its proximity to Bendigo's cultural and recreational attractions adds to its appeal as a desirable place to live.

Long Gully property market performance

Long Gully's property market has shown robust growth over the past 12 months, with house values increasing by 13%, bringing the median house price to $565,000. The unit market remains largely inactive, with no significant change in value or sales activity.

Sales activity for houses has been moderate, with 20 houses sold in the past 12 months. Houses are selling quickly, with a median of just 16 days on the market, indicating strong demand. The unit market, however, has seen minimal activity, with only one unit sold and no median days on market recorded.

In the rental market, house rents have increased by 4.4% over the last 12 months, with the average rent reaching $470. The unit rental market remains inactive, with no change in rent prices.

HousesUnits
Median price
Past 3 months
$576KN/A
Change in value
Past 12 months
14.0%N/A
Sold
Past 3 months
192
Median days on market
Past 12 months
14N/A
Average rent
Past 12 months
$480N/A
Change in rent
Past 12 months
6.7%N/A

5 year median price trend for houses and units

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Long Gully demographics

Long Gully, located in the regional city of Bendigo, Victoria, is a suburb that offers a blend of community spirit and accessibility to urban amenities. With a population of 3,420, it is a close-knit community where residents enjoy a quieter lifestyle compared to the bustling city centers. The median age of 38 suggests a balanced mix of young families, working professionals, and older residents who appreciate the suburb's relaxed pace and family-friendly environment.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 44.3% of the housing market. This indicates a demand for flexible living arrangements, appealing to both transient residents and those seeking affordable housing options. Meanwhile, 28.5% of homes are owned outright, and 27.2% are owned with a mortgage, reflecting a stable community with a mix of long-term homeowners and new buyers entering the market.

Family dynamics in Long Gully are varied, with couple families without children making up 36.6% of the households, while couple families with children account for 27.8%. One-parent families are also a significant part of the community, comprising 33.3% of families, highlighting the suburb's inclusive nature and support for diverse family structures. The median total household income of $989 per week suggests a community that values affordability and practicality, making Long Gully an attractive option for those seeking a balanced lifestyle in a regional setting.

Suburbs near Long Gully

Some popular suburbs near Long Gully include:

  • California Gully: Known for its historical charm and community feel, California Gully is located to the north of Long Gully.
  • North Bendigo: Featuring a mix of residential and recreational areas, North Bendigo is situated directly east of Long Gully.
  • Ironbark: Known for its heritage homes and proximity to the city center, Ironbark lies to the southeast of Long Gully.
  • West Bendigo: Offering a blend of natural landscapes and residential living, West Bendigo is located to the southwest of Long Gully.
  • Bendigo: A vibrant regional city known for its cultural attractions and amenities, Bendigo is situated directly south of Long Gully.

How does Long Gully compare to nearby suburbs?

  • Median house prices: Long Gully’s median house price is 0.2% higher than North Bendigo’s.
  • House price growth: Over the past 12 months, house prices in Long Gully have grown 6.6% higher than in Ironbark.
  • Selling speed for houses: Properties in Long Gully are selling 22.2% faster than in California Gully.

Choose the right real estate agents in Long Gully

There are 43 real estate agents in Long Gully, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 31.3% of all sales in the past year.

Commission rates in Long Gully typically range from 2% to 3.13%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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