Inner Bendigo · 4km south of Bendigo CBD · leafy semi-rural pocket
Spring Gully, VIC 3550
City of Greater Bendigo · 4km south of Bendigo city centre, 128km north-west of Melbourne. Leafy, family-anchored suburb with reputable schools, the Spring Gully Reserve, and easy run-in to central Bendigo.
City of Greater BendigoPopulation 3,092 (2021 census band)128km to Melbourne CBD
Overview
Spring Gully is a small, established suburb sitting on the inside edge of central Bendigo. Population of 3,092 across 1,608 dwellings makes it a tightly held pocket rather than a high-volume market. The Spring Gully Reserve anchors the local amenity, with walking trails, sporting facilities, and adjacent primary and secondary schools that draw the family demographic. Local cafes, essential retail and bus links connect residents into greater Bendigo within minutes. Commuter access to Melbourne runs via the Bendigo V/Line rail service from central Bendigo, roughly 1 hour 50 minutes to Southern Cross.
Property market snapshot
House and unit segments side-by-side. Numbers from the HtAG suburb report, refreshed 24 June 2026.
House · median
$789K Typical detached house in Spring Gully
House · rent
$541/wk Median weekly rent, gross yield 3.56%
House · gross yield
3.56% Sourced direct from the HtAG snapshot
Unit · median
$437K Typical apartment or townhouse
Unit · rent
$429/wk Median weekly rent, gross yield 5.09%
Unit · gross yield
5.09% Sourced direct from the HtAG snapshot
Segment
Median price
Median rent
Gross yield
Houses
$789K
$541/wk
3.56%
Units / townhouses
$437K
$429/wk
5.09%
Sourced from our data partners. Full report available in the tracker.
Spring Gully: key figures and local context
Inner-Bendigo postcode with leafy character. Small dwelling count (1,608), so fewer comparable sales.
Family demographic with established schools and reserves on the doorstep, long tenancies and lower turnover are the norm here.
House gross yield is 3.56% and the median house price is below $800K.
Unit gross yield is 5.09% on a $437K median unit price, against 3.56% for houses.
Regional anchor city. Bendigo's employment base spans healthcare, education and government services.
Risks & watchpoints
Small market. Limited annual sales mean comparables are thinner and exit timing carries more weight than in higher-volume suburbs.
Regional Victoria growth cycles run differently from metro. Past regional cycles in the data have run 7 years and longer.
Bushfire overlays apply on the leafier southern edges. Always verify property-specific risk before exchange.
Broader catchment
Spring Gully sits within City of Greater Bendigo. For the full LGA-level picture, infrastructure pipeline, and other suburbs in the same catchment, open the City of Greater Bendigo snapshot.