Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $459,500, Annual capital growth 7.00%, Number of sales 207, Weekly median advertised rent $365

Gorokan Unit: Median price $370,000, Annual capital growth 6.62%, Number of sales 48, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 14.30% for the last 12 months, Gorokan, 2263 has performed for property investments than its average annual 7.00% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Gorokan has given property investors a paper return of 3.26%. This puts Suburb as 543 on a list of fastest fasting appreciating suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gorokan, 2263. Typically our figures indicate that -3.93% is being offered, which puts this NSW suburb at 3017th most discounted overall in Australia.

Situated 73.01km from the CBD, Gorokan is one of Wyong localities in the postcode 2263.

Gorokan, 2263 ranked 144th in NSW when comparing growth in median property values or capital gain over the last 12 months. Gorokan is one of 3163 in our list for NSW

Gorokan,2263 has offered an average of 13.85% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -3.05% to buyers in Gorokan at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Gorokan the average time real estate has been on the market is 53.62 days.

Metrics i HOUSE UNIT
$459,500 $370,000
3.26% 4.23%
14.30% 13.85%
7.00% 6.62%
$365 $320
207 48
4.13% 4.50%
40.7 53.62

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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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