Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $420,000, Annual capital growth 5.75%, Number of sales 207, Weekly median advertised rent $360

Gorokan Unit: Median price $340,000, Annual capital growth 4.71%, Number of sales 56, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 10.53% for the last year, Gorokan, 2263 is the 983th highest performer in Australia in this respect.

Gorokan,2263 was ranked 1687 in Australia by increase in median property value over the quarter.

The most recent median price for Gorokan is $420000, with sellers offering an average of -4.45% off the asking price.

Advertised rents are around the $360 mark per week – giving a return of 4.46% based on the median price in Suburb

Giving property investors a a solid capital gain of 11.48% for the last year, Gorokan, 2263 is the 304th highest performer in Australia in this respect.

Comparing Gorokan,2263 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Gorokan 2263 should be seeing an average reduction in asking price of around -2.01% . This means that Gorokan is holding prices well when compared to other suburbs in NSW.

With the median price for a house in Gorokan being $340000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.05%

HOUSE UNIT
$420,000 $340,000
2.00% 1.49%
10.53% 11.48%
5.75% 4.71%
$360 $330
207 56
4.46% 5.05%
52.62 72.44

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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Recent sales & rentals