Suburb by suburb snapshot Spring Gully

Spring Gully is approximately 7.8 square kilometres and has four parks covering nearly five per cent of total area.

The population in 2016 was 2994 and by the 2021 Census had increased to 3092, showing growth of three per cent in the area during that time.

Spring Gully is a suburb five kilometres south of Bendigo, backing on to State Forest which forms a catchment for the Spring Gully Reservoir.

The district supported gold mining activities and the surrounding forest was a minor catchment area for the Spring Gully reservoir constructed in 1877.

Bendigo needed water for both domestic and mining purposes and the reservoir was mostly filled by water along a channel from the Coliban system to Malmsbury.

In 1930 the reservoir’s capacity was increased fivefold, and the water was used for irrigation as far afield as White Hills and Huntly.

Spring Gully primary school was opened in 1906, and the town remained a small centre with a hall, a store and a hotel until Bendigo’s urban growth reached there during the 1970s.

CoreLogic data indicates that the predominant age group in Spring Gully is 50-59 years with households being primarily couples with children and are likely to be repaying an average of $1454 per month on mortgages.

In general, people in Spring Gully work in a professional occupation.

 

TITBIT:

In 1930 the towns reservoir’s capacity was increased fivefold, and the water was used for irrigation as far afield as White Hills and Huntly.

Population: 3,092

Male: 47%

Female: 53%

Median age: 45

5-year population change: 3%

House median value: $603,000

Change in Median Price: (5yrs) is 47.8%

Median asking rent per week: $420

Average length of ownership: 14 years

Owner occupiers: 77%

Renters: 23%

 

House median sale price:

November 2022: $576,500

November 2021: $530,000

November 2020: $430,000

November 2019: $385,000

November 2018: $400,000

 

House sales per annum:

Period ending November 2022: 38

Period ending November 2021: 57

Land median sale price:

November 2022: N/A

November 2021: N/A

 

Land sales per annum:

Period ending November 2022: 5

Period ending November 2021: 8