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Gundowring, VIC 3691
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
Median Unit
$595,000
Gross Yield (houses)
3.7%
1yr Growth
-
Investment snapshot for Gundowring
Gundowring has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gundowring market and investor summary
In Gundowring, VIC 3691, the median house sells for around $920K, on a gross rental yield of 3.7% for houses. At 6.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 6.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Gundowring: people, income and schools
Gundowring has a resident population of roughly 208, and the area has been growing steadily, up about 16% over five years. At a median age of 47, it reads as skewed a little older, and families account for 79% of households.
The typical household income runs to around $87,000 a year (about $1,680 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 208
- +16% over 5yr
- Median age
- 47 years
- Median household income
- $87,000/yr
- Households renting
- 14%
- Family households
- 79%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1004
- Unemployment
- 2.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gundowring
No properties currently listed in Gundowring
Search Gundowring listings →Frequently asked questions about Gundowring
What should I check before investing in Gundowring?
Gundowring has enough public data for first-pass screening across yield, vacancy, price and supply signals. Houses sell quickly (23 days on market), which points to strong sales liquidity. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gundowring?
The median property price in Gundowring, VIC 3691 is $920K for houses and $595K for units.
What rental yield does Gundowring show?
The gross rental yield in Gundowring is 3.7% for houses and 3.3% 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 Gundowring?
The current vacancy rate in Gundowring is 6.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Gundowring?
Gundowring has a population of approximately 208 residents, with a median age of 47.
What schools are near Gundowring?
There are 1 school within roughly 5km of Gundowring. 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 Gundowring affordable to buy in?
A median house in Gundowring costs about 10.5 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 Gundowring's population growing?
The population of Gundowring has grown about 16% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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