Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $420,000, Annual capital growth 5.75%, Number of sales 204, Weekly median advertised rent $360

Gorokan Unit: Median price $339,975, Annual capital growth 4.60%, Number of sales 59, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Gorokan has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.53%

Taking the average capital gain, or increase in median house value, Gorokan,2263 has racked up an average of 10.53% over the period. This ranks it number 400th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Gorokan is $420000, with sellers offering an average of -4.72% off the asking price.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

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 11.47%

If we look at median property appreciation over just the last three months, Gorokan has given property investors a paper return of 3.02%. This puts Suburb as 164 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -2.57% to buyers in Gorokan at the moment, which is less than average for the rest of NSW.

In the last year 59 properties changed hands in Gorokan, which puts it as the 234th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $330 mark per week – giving a return of 5.05% based on the median price in Suburb

HOUSE UNIT
$420,000 $339,975
2.44% 3.02%
10.53% 11.47%
5.75% 4.60%
$360 $330
204 59
4.46% 5.05%
54 73.88

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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