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 2011 was 2983 people and by the 2016 Census it was at 2994, showing a slight population growth of 0.4 per cent in the area during that time.
Spring Gully is a suburb five kilometres south of Bendigo, backing on to a state forest which forms a catchment for the Spring Gully Reservoir.
The district supported gold mining activities and the surrounding forest has long been a minor catchment area for the Spring Gully reservoir (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 via 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 the location 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 $1000 – $1399 per month on mortgages.
In general, people in Spring Gully work in a professional occupation.
In 2011, 73.8 per cent of the homes in Spring Gully were owner occupied compared with 73 per cent in 2016.
Spring Gully Primary School was first opened in 1906
Median age: 43
5-year population change: 0.4%
House median value: $674,000
Change in Median Price: (5yrs) is 54.6%
Median asking rent per week: $380
Average length of ownership: 11 years
Owner occupiers: 77%
House median sale price:
February 2022: $567,500
February 2021: $465,000
February 2020: $381,000
February 2019: $399,550
February 2018: $390,000
House sales per annum:
Period ending February 2022: 52
Period ending February 2021: 47
Land median sale price:
February 2022: $226,000
February 2021: $190,000
Land sales per annum:
Period ending February 2022: 8
Period ending February 2021: 27