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Gillieston, VIC 3616
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$655,000
list-price estimate
Median Unit
$370,000
list-price estimate
Gross Yield (houses)
5.7%
1yr Growth
-
Investment snapshot for Gillieston
Gillieston has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gillieston market and investor summary
In Gillieston, VIC 3616, houses show a gross rental yield of 5.7%. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.7% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 325 days on market, so plan for a slower exit if you ever need one.
Living in Gillieston: people, income and schools
About 45 people live in Gillieston, a number that has held fairly steady over five years. The median age is 49, skewed a little older, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $61,000 a year, or roughly $1,170 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 45
- -0% over 5yr
- Median age
- 49 years
- Median household income
- $61,000/yr
- Households renting
- 20%
- Family households
- 82%
- Socio-economic rank
- 4/10
- ABS advantage index
- 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 Gillieston
No properties currently listed in Gillieston
Search Gillieston listings →Frequently asked questions about Gillieston
What should I check before investing in Gillieston?
Gillieston has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.7%, 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 rental yield does Gillieston show?
The gross rental yield in Gillieston is 5.7% 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 Gillieston?
The current vacancy rate in Gillieston is 2.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Gillieston?
Gillieston has a population of approximately 45 residents, with a median age of 49.
Is Gillieston's population growing?
The population of Gillieston has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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