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Gormandale, VIC 3873
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$795,000
list-price estimate
Median Unit
$450,000
Gross Yield (houses)
3.6%
1yr Growth (houses)
+7.2%
market range -2.5% to +25.0%
Investment snapshot for Gormandale
Gormandale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gormandale market and investor summary
In Gormandale, VIC 3873, houses show a gross rental yield of 3.6%. House prices have moved +7.2% over the past year.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 300 days on market, so plan for a slower exit if you ever need one.
Living in Gormandale: people, income and schools
Gormandale has a resident population of roughly 324, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 81% 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 $77,000 a year (about $1,490 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10).
There is 1 school within about 5km, testing close to the national school average on ICSEA.
- Population
- 324
- +3% over 5yr
- Median age
- 41 years
- Median household income
- $77,000/yr
- Households renting
- 8%
- Family households
- 71%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1011
- Unemployment
- 3.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gormandale
No properties currently listed in Gormandale
Search Gormandale listings →Frequently asked questions about Gormandale
What should I check before investing in Gormandale?
Gormandale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.8%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +7.2% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gormandale?
The median property price in Gormandale, VIC 3873 is $450K for units.
What rental yield does Gormandale show?
The gross rental yield in Gormandale is 3.6% for houses and 5.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Gormandale?
House prices in Gormandale are up 7.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How many people live in Gormandale?
Gormandale has a population of approximately 324 residents, with a median age of 41.
What schools are near Gormandale?
There are 1 school within roughly 5km of Gormandale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gormandale's population growing?
The population of Gormandale has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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