Spring Gully
Suburb profile, market snapshot and recent listings for Spring Gully, VIC 3550.
About Spring Gully
Welcome to Spring Gully
Spring Gully sits on the southern fringe of Bendigo, in regional Victoria, a comfortable few minutes' drive from the city centre. Bordered by Quarry Hill, Flora Hill, Kennington and Mandurang, it's one of those established Bendigo suburbs that manages to feel semi-rural while still being close enough to everything the regional capital offers.
With a population of just over 3,000 and a median resident age of 45, Spring Gully has long appealed to families and professionals who want a quieter, leafier setting without giving up easy access to schools, shops and Bendigo's employment hubs. It's a suburb better suited to those planting roots than those chasing a fast turnover, and the housing stock reflects that.
Housing & architecture
Spring Gully is overwhelmingly a house suburb, with detached homes making up 78% of current listings. There's a smaller mix of land, apartments and units (9% each) and a modest share of townhouses (3%), which points to a market built around family-sized blocks rather than higher-density living. Expect a blend of established brick veneer and weatherboard homes on generous allotments, along with newer builds on the suburb's outer pockets, reflecting decades of gradual growth rather than a single development era.
The property market
The median house price in Spring Gully currently sits at $773,000, with median weekly rent at $640. Recent figures show house prices have eased slightly, down 1.0%, suggesting a market that has settled after a period of stronger growth rather than one under significant pressure. For buyers, that softening may open a window of opportunity in a suburb that has traditionally held its value well thanks to its land size and proximity to central Bendigo.
Compared with tightly packed inner-city pockets, Spring Gully's larger blocks and family housing stock tend to appeal to owner-occupiers over investors, which helps explain the steady rental figures alongside the more house-dominant listing mix.
Getting around
Spring Gully's location just south of Bendigo's CBD makes commuting straightforward, with a short drive connecting residents to the city centre, Bendigo Hospital and the wider road network via routes through Kennington and Flora Hill. Bendigo's train line, terminating at Bendigo Railway Station, is within easy reach for those heading to Melbourne via the regional rail network, while local bus routes link Spring Gully to surrounding suburbs including Quarry Hill and Mandurang for those without a car.
Schools & families
Families are well catered for, with Spring Gully close to a range of schooling options across neighbouring suburbs, from primary schools to Bendigo's well-regarded secondary colleges. The suburb's median age of 45 reflects its popularity with established families and older residents alike, and the relatively low-density housing mix makes it a practical choice for those wanting space for children to grow into.
Parks & recreation
The semi-rural character of Spring Gully, backing onto Mandurang's more open countryside, gives residents easy access to bushland and walking trails that are harder to find closer to central Bendigo. Local reserves and sporting grounds cater to weekend recreation, while the proximity to Kennington and Flora Hill means larger shopping and leisure facilities, including Kennington's retail precinct, are only a short trip away.
Lifestyle & dining
Spring Gully itself is predominantly residential, so for cafes, restaurants and larger retail, residents typically head into central Bendigo or nearby Kennington and Quarry Hill, both just minutes away. This arrangement suits residents well: a peaceful, low-traffic home base with the full range of Bendigo's dining, culture and shopping scene never far off.
Market snapshot
Spring Gully property market
Median sale price
$773k
House · 4 bed
Median rent
$640
per week
Gross rental yield
4.3%
annual rent ÷ sale price
Typical price range
Entry
$605k
Median
$773k
Premium
$1.08m
Days on market
33
Auction clearance
0%
Sold this year
30
Median sold price trend · House 4 bed
Compound growth +1.5% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Spring Gully by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Spring Gully, VIC 3550.
Population
3,092
residents (2021)
Median age
45
years
Household income
$1,543
median, per week
Median rent
$290
per week
Median mortgage
$1,454
per month
Mortgage / income
22%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Spring Gully
$541k
54 Spring Gully Road
Sold ~July 2026
$910k
24 Milton Avenue
Sold ~July 2026
$885k
4 Kristy Drive
Sold ~June 2026
$990k
7 Kristy Drive
Sold ~June 2026
$675k
8 Carey Court
Sold ~June 2026
$570k
1/2 Sherman Crescent
Sold ~June 2026
$949k
25 Shakespeare Street
Sold ~June 2026
$670k
23 Burns Street
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Spring Gully
Compare the area
Price map around Spring Gully
Every listing for sale near Spring Gully, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Spring Gully suburb FAQ
What is the median property price in Spring Gully?
The median house price in Spring Gully, VIC is $773k for a 4-bedroom home. Over the past year, median sold prices have fallen about 1.0%.
How much is rent in Spring Gully?
The median weekly rent in Spring Gully is around $640 per week.
Is Spring Gully a good place to live?
Spring Gully is a suburb of the regional city of Bendigo in north central Victoria, Australia, 5 kilometres (3.1 mi) south of the Bendigo city centre. Spring Gully is an established residential suburb in VIC, with a population of around 3,092.
What is the population of Spring Gully?
Spring Gully has a population of 3,092 (ABS 2021 Census), with a median age of 45.
How long do homes take to sell in Spring Gully?
Properties in Spring Gully take around 33 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Spring Gully?
Entry-level properties in Spring Gully start around $605k, while premium homes reach $1.08m.
What suburbs are near Spring Gully?
Suburbs near Spring Gully include Quarry Hill, Mandurang, Flora Hill, Kennington and Square.
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