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Upper Gundowring, VIC 3691
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$775,000
list-price estimate
Median Unit
$330,000
list-price estimate
Gross Yield (houses)
3.2%
1yr Growth
-
Investment snapshot for Upper Gundowring
Upper Gundowring has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Upper Gundowring market and investor summary
In Upper Gundowring, VIC 3691, houses show a gross rental yield of 3.2%. At 6.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 107 days on market, so plan for a slower exit if you ever need one.
Living in Upper Gundowring: people, income and schools
Upper Gundowring is home to around 120 people, and the area has been growing steadily, up about 16% over five years. At a median age of 46, it reads as skewed a little older, and 88% 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 $83,000 a year (about $1,590 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 120
- +16% over 5yr
- Median age
- 46 years
- Median household income
- $83,000/yr
- Households renting
- 14%
- Family households
- 67%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 2.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Upper Gundowring
No properties currently listed in Upper Gundowring
Search Upper Gundowring listings →Frequently asked questions about Upper Gundowring
What should I check before investing in Upper Gundowring?
Upper Gundowring has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Upper Gundowring show?
The gross rental yield in Upper Gundowring is 3.2% 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 Upper Gundowring?
The current vacancy rate in Upper 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 Upper Gundowring?
Upper Gundowring has a population of approximately 120 residents, with a median age of 46.
Is Upper Gundowring's population growing?
The population of Upper 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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