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Gheringhap, VIC 3331

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$2,185,000

Median Unit

$530,000

Gross Yield (units)

4.3%

1yr Growth

-

Investment snapshot for Gheringhap

Gheringhap has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Investment score breakdown

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Gheringhap market and investor summary

In Gheringhap, VIC 3331, the median house sells for around $2.2M. At 0.9% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.

Living in Gheringhap: people, income and schools

Gheringhap has a resident population of roughly 132, and the area has been growing steadily, up about 11% over five years. At a median age of 49, it reads as skewed a little older, and 89% 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 $112,000 a year (about $2,150 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 a steep 19.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.

Gheringhap sits about 70 km from the CBD. It is fairly car-dependent; the suburb scores 1 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
132
+11% over 5yr
Median age
49 years
Median household income
$112,000/yr
Households renting
13%
Family households
82%
Socio-economic rank
7/10
ABS advantage index
Unemployment
2.5%
Distance to CBD
70 km
Walk score
1/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Gheringhap

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Frequently asked questions about Gheringhap

What should I check before investing in Gheringhap?

Gheringhap has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Tight rental market (0.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Gheringhap?

The median property price in Gheringhap, VIC 3331 is $2.2M for houses and $530K for units.

What rental yield does Gheringhap show?

The gross rental yield in Gheringhap is 4.3% 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 Gheringhap?

The current vacancy rate in Gheringhap is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Gheringhap?

Gheringhap has a population of approximately 132 residents, with a median age of 49.

Is Gheringhap affordable to buy in?

A median house in Gheringhap costs about 19.5 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 Gheringhap's population growing?

The population of Gheringhap 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.

How far is Gheringhap from the CBD?

Gheringhap is about 70 km from the CBD.

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