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Suburb by suburb snapshot Maiden Gully

December 16, 2023 BY

This three-bedroom Maiden Gully home sold recently for $790,000.

The size of Maiden Gully is approximately 41.7 square kilometres and has many parks covering nearly 20 per cent of total area.

The population in 2016 was 4953 and by the 2021 Census it was recorded at 5518 showing a population growth of 11.5 per cent in the area during that time.

Maiden Gully is a rural residential township and district on the Calder Highway seven kilometres west of Bendigo’s CBD and is popular with young families as the main demographic is children.

Maiden Gully also has one of the highest owner occupier rates in the state at 92 per cent.

Historically, it was the site of a gold discovery in 1859 and was associated with nearby Myers Flat.

The origin of Maiden Gully’s name is unclear, the actual gully is in a forested area one-kilometre north of the township.

For its first 63 years the Myers Creek school intermittently opened and closed, indicating the small population of the district.

After re-opening in 1938, with its present name, the school has functioned continuously, and had more than 190 pupils in 1998, 418 in 2006 and 494 in 2014.

Maiden Gully has a caravan park, the Balgownie Vineyard established in 1969, a hall, a recreation reserve with cricket and tennis clubs, the Eaglehawk golf course and a general store and post office.

Plans were made in 2014 to subdivide a site on Edwards Road for housing development and the land was rezoned from farming to residential.

CoreLogic data indicates that the predominant age group in Maiden Gully is 0-9 years with households being primarily couples with children and are likely to be repaying on average $1690 per month on mortgages.

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

TITBIT:

Maiden Gully was the site of a gold discovery in 1859.

 

Population: 5518

Male: 50%

Female: 50%

Median age: 37

5-year population change: 11.4%

House median sales price: $800,000

Change in Median Price: (5yrs) 54.4%

Median asking rent per week: $545

Average length of ownership: 9 years

Owner occupiers: 92%

Renters: 8%

 

House median value price:

August 2023: $818,000

August 2022: $841,000

August 2021: $772,643

August 2020: $581,000

August 2019: $521,500

 

House sales per annum:

Period ending August 2023: 47

Period ending August 2022: 51

 

Land median sale price:

August 2023: $474,500

August 2022: $445,000

 

Land sales per annum:

Period ending August 2023: 12

Period ending August 2022: 16