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Gerangamete, VIC 3243
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$840,000
Median Unit
$250,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Gerangamete
Gerangamete has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gerangamete market and investor summary
Gerangamete (VIC 3243) runs a median house price of $840K, with houses yielding a gross 3.5%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Gerangamete: people, income and schools
Gerangamete is home to around 112 people, a number that has held fairly steady over five years. The median age is 41, skewed a little older, and families account for 76% of households.
Households here earn a median of about $73,000 a year, or roughly $1,410 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.5 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 112
- +1% over 5yr
- Median age
- 41 years
- Median household income
- $73,000/yr
- Households renting
- 8%
- Family households
- 76%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gerangamete
No properties currently listed in Gerangamete
Search Gerangamete listings →Frequently asked questions about Gerangamete
What should I check before investing in Gerangamete?
Gerangamete 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 Gerangamete?
The median property price in Gerangamete, VIC 3243 is $840K for houses.
What rental yield does Gerangamete show?
The gross rental yield in Gerangamete is 3.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Gerangamete?
Gerangamete has a population of approximately 112 residents, with a median age of 41.
Is Gerangamete affordable to buy in?
A median house in Gerangamete costs about 11.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Gerangamete's population growing?
The population of Gerangamete has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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