Suburb by suburb snapshot Spring Gully

The size of Spring Gully is approximately 7.8 square kilometres and has many parks covering nearly 38.7 per cent of total area.

The population in 2016 was 2994 and by the 2021 Census was recorded at 3092 showing a slight growth of 3.2 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 built 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, 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 on average $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: 3092

Male: 47%

Female: 53%

Median age: 45

5 year population change: 3.2%

House median value: $611,000

Change in Median Price: (5yrs) is 44.3%

Median asking rent per week: $480

Average length of ownership: 13 years

Owner occupiers: 77%

Renters: 23%

 

House median sale price:

June 2023: $610,000

June 2022: $595,000

June 2021: $485,000

June 2020: $377,500

June 2019: $389,000

 

House sales per annum:

Period ending June 2023: 41

Period ending June 2022: 45

 

Land median sale price:

June 2023: N/A

June 2022: N/A

 

Land sales per annum:

Period ending June 2023: 6

Period ending June 2022: 6