Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $410,000, Annual capital growth 5.50%, Number of sales 192, Weekly median advertised rent $360

Gorokan Unit: Median price $335,000, Annual capital growth 4.55%, Number of sales 63, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1092th in the list of Australian suburbs ordered by increase in median house value over the last year, Gorokan, 2263 is in the top 30% with a property value increase of 9.70% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Gorokan comes in at number 332th in NSW.

At number 626th of NSW’s most discounted properties, Gorokan is in the middle of the state/territory when listing in order of most discounted to least.

In the last year 192 properties changed hands in Gorokan, which puts it as the 73th most active market in NSW when comparing the number of sales per suburb.

Property investors who have had real estate in Gorokan, 2263 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.84%

Gorokan,2263 was ranked 571 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Gorokan is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 371th in terms of most discounted suburbs in NSW

Situated 62.92km from the CBD, Gorokan is one of Wyong localities in the postcode 2263.

HOUSE UNIT
$410,000 $335,000
2.50% 1.52%
9.70% 9.84%
5.50% 4.55%
$360 $320
192 63
4.57% 4.97%
52.94 70.38

Source: CoreLogic

DSR Score for property investment : 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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