Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $430,000, Annual capital growth 6.08%, Number of sales 207, Weekly median advertised rent $360

Gorokan Unit: Median price $345,500, Annual capital growth 4.93%, Number of sales 54, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 693th in the list of Australian suburbs ordered by increase in median house value over the last year, Gorokan, 2263 is in the top 20% with a property value increase of 13.16% recorded in median house prices.

Over the longer term, Gorokan has seen property prices show investors a 48.28% return over the last 3 years. This is worse than over the last 12 months

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Gorokan itself are offering an average vendor discount of -4.42% to real estate investors.

With the median price for a house in Gorokan being $430000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.35%

Investment property in Gorokan has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.63%

Across a shorter period, Gorokan, 2263 has seen a median price increase of 2.38% over the last quarter.

At number 449th of NSW’s most discounted properties, Gorokan is in the TOP 10% of the state/territory when listing in order of most discounted to least.

The NSW suburb of Gorokan, 2263 is in the Wyong local government area.

Metrics i HOUSE UNIT
$430,000 $345,500
4.18% 2.38%
13.16% 11.63%
6.08% 4.93%
$360 $330
207 54
4.35% 4.97%
47.92 63.97

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7681
Median household income ($/weekly) 771
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 928 12.1
    25-34 years 860 11.2
    35-44 years 917 11.9
    45-54 years 909 11.8
    55-64 years 987 12.8
    Others 3081 40.1
    Age Group
    Census Count Percent(%)
    Not Married 2888 49.4
    Registered Married 2307 39.5
    Defacto Relationship 652 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6412 87.9
    Papua New Guinea 148 2.0
    Philippines 33 0.5
    United Kingdom 353 4.8
    Other 99 1.4
    Others 253 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 0.7
    Christianity 5518 77.6
    Hinduism 15 0.2
    Other Religious Groups 34 0.5
    No Religion 1478 20.8
    Others 13 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 382 13.3
    $400-$599 501 17.4
    $600-$799 381 13.2
    $800-$999 310 10.8
    $1,500-$1,999 282 9.8
    Others 1027 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2781 47.0
    Employed, worked full-time 1669 28.2
    Employed, worked part-time 942 15.9
    Unemployed, looking for work 305 5.2
    Employed, away from work 214 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 498 17.6
    Community & personal service workers 360 12.7
    Clerical & administrative workers 356 12.6
    Sales 350 12.4
    Labourers 418 14.8
    Others 842 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 131 8.9
    Infants/Primary 570 38.8
    Secondary 415 28.3
    Technical or Further Educational Institution 168 11.4
    University or other Tertiary Institutions 149 10.1
    Others 36 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6494 88.1
    Semi-detached, row or terrace house, townhouse 637 8.6
    Flat, unit or apartment 244 3.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1123 36.7
    Rented 984 32.2
    Being purchased 942 30.8
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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