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Gainsborough, VIC 3822
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$815,000
market range $775K-$1.3M
Median Unit
$375,000
list-price estimate
Gross Yield (houses)
3.2%
1yr Growth
-
Investment snapshot for Gainsborough
Gainsborough has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gainsborough market and investor summary
In Gainsborough, VIC 3822, the median house sells for around $815K, on a gross rental yield of 3.2% for houses. At 5.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Gainsborough: people, income and schools
About 61 people live in Gainsborough, and the area has been growing steadily, up about 15% over five years. At a median age of 44, it reads as skewed a little older, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $107,000 a year (about $2,060 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 61
- +15% over 5yr
- Median age
- 44 years
- Median household income
- $107,000/yr
- Households renting
- 16%
- Family households
- 85%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 996
- Unemployment
- 2.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gainsborough
No properties currently listed in Gainsborough
Search Gainsborough listings →Frequently asked questions about Gainsborough
What should I check before investing in Gainsborough?
Gainsborough has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Gainsborough?
The median property price in Gainsborough, VIC 3822 is $815K for houses.
What rental yield does Gainsborough show?
The gross rental yield in Gainsborough is 3.2% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Gainsborough?
The current vacancy rate in Gainsborough is 5.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Gainsborough?
Gainsborough has a population of approximately 61 residents, with a median age of 44.
What schools are near Gainsborough?
There are 3 schools within roughly 5km of Gainsborough. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gainsborough affordable to buy in?
A median house in Gainsborough costs about 7.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Gainsborough's population growing?
The population of Gainsborough has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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