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Gowanbrae, VIC 3043
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,020,000
market range $950K-$1.1M
Median Unit
$585,000
list-price estimate
Gross Yield (houses)
3.3%
1yr Growth (houses)
+9.1%
market range -5.0% to +12.5%
Investment snapshot for Gowanbrae
Gowanbrae has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gowanbrae market and investor summary
Gowanbrae (VIC 3043) runs a median house price of $1.0M, with houses yielding a gross 3.3%. House prices have moved +9.1% over the past year and +17.9% over three years. At 1.4% 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 3.3% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Gowanbrae: people, income and schools
Gowanbrae is home to around 2,971 people, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and 87% 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 $115,000 a year, or roughly $2,210 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 59 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 14 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 12 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,971
- -1% over 5yr
- Median age
- 40 years
- Median household income
- $115,000/yr
- Households renting
- 13%
- Family households
- 57%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 59
- avg ICSEA 1039
- Unemployment
- 5.1%
- Distance to CBD
- 14 km
- Walk score
- 48/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gowanbrae
View all →Frequently asked questions about Gowanbrae
What should I check before investing in Gowanbrae?
Gowanbrae has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.1% in the past year shows strong recent price momentum. Tight rental market (1.4% 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 Gowanbrae?
The median property price in Gowanbrae, VIC 3043 is $1.0M for houses.
What rental yield does Gowanbrae show?
The gross rental yield in Gowanbrae is 3.3% for houses and 3.9% 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 Gowanbrae?
House prices in Gowanbrae are up 9.1% over the past year and up 17.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Gowanbrae?
The current vacancy rate in Gowanbrae is 1.4%. 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 Gowanbrae?
Gowanbrae has a population of approximately 2,971 residents, with a median age of 40.
What schools are near Gowanbrae?
There are 59 schools within roughly 5km of Gowanbrae. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gowanbrae affordable to buy in?
A median house in Gowanbrae costs about 8.9 times the median local household income (broadly in line with metropolitan Australia). 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 Gowanbrae's population growing?
The population of Gowanbrae has fallen about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Gowanbrae from the CBD?
Gowanbrae is about 14 km from the CBD.
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