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Gooramadda, VIC 3685
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,480,000
market range $900K-$1.5M
Median Unit
$325,000
Gross Yield (houses)
1.9%
1yr Growth
-
Investment snapshot for Gooramadda
Gooramadda has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gooramadda market and investor summary
In Gooramadda, VIC 3685, the median house sells for around $1.5M, on a gross rental yield of 1.9% for houses. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.3% and a resident base that is not shrinking. Houses also take time to sell, around 141 days on market, so plan for a slower exit if you ever need one.
Living in Gooramadda: people, income and schools
Gooramadda has a resident population of roughly 62, a number that has held fairly steady over five years. At a median age of 58, it reads as an older, established demographic, 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.
The typical household income runs to around $97,000 a year (about $1,870 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 15.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 62
- +2% over 5yr
- Median age
- 58 years
- Median household income
- $97,000/yr
- Households renting
- 24%
- Family households
- 68%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 4.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gooramadda
No properties currently listed in Gooramadda
Search Gooramadda listings →Frequently asked questions about Gooramadda
What should I check before investing in Gooramadda?
Gooramadda has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.9%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (0.3% 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 Gooramadda?
The median property price in Gooramadda, VIC 3685 is $1.5M for houses and $325K for units.
What rental yield does Gooramadda show?
The gross rental yield in Gooramadda is 1.9% for houses and 5.9% 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 Gooramadda?
The current vacancy rate in Gooramadda is 0.3%. 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 Gooramadda?
Gooramadda has a population of approximately 62 residents, with a median age of 58.
Is Gooramadda affordable to buy in?
A median house in Gooramadda costs about 15.2 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 Gooramadda's population growing?
The population of Gooramadda has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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