1/18 Palm AvenueSpring Gully VIC 3550
Property Details for 1/18 Palm Ave, Spring Gully
1/18 Palm Ave, Spring Gully is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 296m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (March 2022)
Set in a quiet street, this unit is a must to inspect for investors and owner occupiers alike.
The home has updated floor coverings throughout and has been painted in the last few years.
There is a spacious open-plan kitchen meals/living area and built-in robes in both of the generous bedrooms.
Outside you will find a single carport and a garden shed, and there is a small private rear yard and colourbond fences.
This neat, well presented and very affordable property has vacant possession, with an expected rental return of $325pw.
Handy to public transport and La Trobe University, Spring Gully Primary, Spring Gully Oval, Flora Hill shopping strip, Bendigo National Park and more.
Property History for 1/18 Palm Ave, Spring Gully, VIC 3550
- 08 Sep 2021Sold for $330,000
- 28 Jul 2021Listed for Sale $315,000 - $345,000
- 22 Dec 2017Listed for Rent $290 / week
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About Spring Gully 3550
The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2016 was 3000 people. By 2021 the population was 3092 showing a population growth of 3.1% in the area during that time. The predominant age group in Spring Gully is 10-19 years. Households in Spring Gully are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation.In 2021, 76.00% of the homes in Spring Gully were owner-occupied compared with 73.00% in 2016.
Spring Gully has 1,663 properties. Over the last 5 years, Houses in Spring Gully have seen a 47.87% increase in median value, while Units have seen a 45.08% increase. As at 30 November 2025:
- The median value for Houses in Spring Gully is $698,667 while the median value for Units is $430,569.
- Houses have a median rent of $480 while Units have a median rent of $410.
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