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Gherang, VIC 3240
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,750,000
market range $1.3M-$2.5M
Median Unit
$605,000
Gross Yield (houses)
2.3%
1yr Growth
-
Investment snapshot for Gherang
Gherang has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gherang market and investor summary
In Gherang, VIC 3240, the median house sells for around $1.8M, on a gross rental yield of 2.3% for houses. At 8.4% 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 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 8.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 261 days on market, so plan for a slower exit if you ever need one.
Living in Gherang: people, income and schools
About 391 people live in Gherang, and the area has been growing steadily, up about 11% over five years. At a median age of 44, it reads as skewed a little older, and 95% 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 $105,000 a year (about $2,030 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 16.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 391
- +11% over 5yr
- Median age
- 44 years
- Median household income
- $105,000/yr
- Households renting
- 6%
- Family households
- 78%
- Socio-economic rank
- 9/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gherang
View all →Frequently asked questions about Gherang
What should I check before investing in Gherang?
Gherang has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.1%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gherang?
The median property price in Gherang, VIC 3240 is $1.8M for houses and $605K for units.
What rental yield does Gherang show?
The gross rental yield in Gherang is 2.3% for houses and 5.1% for units. 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 Gherang?
The current vacancy rate in Gherang is 8.4%. 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 Gherang?
Gherang has a population of approximately 391 residents, with a median age of 44.
Is Gherang affordable to buy in?
A median house in Gherang costs about 16.6 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 Gherang's population growing?
The population of Gherang has grown about 11% 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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