While Bendigo’s streetscapes have all developed over time, those in Spring Gully have seen significant changes, from an outer district that supported gold mining activities with its population of 342 (according to 1911 Census figures), to a vibrant neighbourhood of close to 3000 people.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
One of those is Luke Goggin Real Estate’s property sales consultant Sue Opie, who recently made the move to the Bendigo suburb.
“I moved to Spring Gully from an inner city dwelling and was worried how I would adapt,” she says. “But the highlight of living in Spring Gully is that five minutes from the CBD I can drive home and find kangaroos in my front yard.”
Bordering the Greater Bendigo National Park and Spring Gully Reservoir, Spring Gully has a well respected primary school and preschool, excellent sporting facilities and walking tracks.
A short drive from the Strath Village Shopping Centre, which includes Woolworths and Aldi, it also has excellent dining and entertainment options such as the Spring Gully General Store and recently renovated One Tree Hill Hotel.
Sue notes that the demographic of people currently living in Spring Gully is split right down the middle. “Fifty per cent are families and 50 per cent are single, with the average age being between 40 and 59,” she says.
“Because of its close proximity to La Trobe University, it does attract a lot of students, but it also presents a great lifestyle option for families, singles and retirees alike.”
Last century Spring Gully was a tiny town with a hall, store, hotel and primary school (which opened in 1906), and the postcode remained a small centre until development began in the early 1970s. “New pockets have been developed ever since,” explains Sue. “There is not one style, but rather a representation of all types of homes within the past 50 years. The majority of homes in Spring Gully have been landscaped to blend in with the natural bush environment as much as possible.”
According to Sue, Spring Gully has properties available at all entry points in the market, from units and townhouses, to family homes and million dollar properties. Currently, 74 per cent of these are either owned or mortgaged.
“The median price of a three bedroom home in Spring Gully is currently $336,000, in comparison to Golden Square, which is $295,000,” she says. “In comparison to five years ago, the median sales price for a three bedroom house has increased 14 per cent, which gives it an annual growth rate of 2.7 per cent.
“A comparable suburb would be Golden Square which has seen an annual growth rate of 2.1 per cent.”
