Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $471,000, Annual capital growth 7.19%, Number of sales 196, Weekly median advertised rent $370

Gorokan Unit: Median price $370,000, Annual capital growth 6.80%, Number of sales 47, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 985th 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 14.39% recorded in median house prices.

A 79.60% growth in median value for property investors in Gorokan,2263 puts this suburb at number 451th in terms of best performing 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 -3.75% is being offered, which puts this NSW suburb at 3132th most discounted overall in Australia.

Residents and property investors in Gorokan have been waiting around 40.43 days to sell a property.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 7.19%.

Over the last year, property investments in Gorokan, 2263 have given investors a capital gain of 10.45%. This compares favourably with the 8.31% for NSW as a whole.

Gorokan,2263 has offered an average of 10.45% return per annum in house price rises to property investors over the last three years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.14% offered to property buyers. Sellers in Gorokan itself are offering an average vendor discount of -3.69% to real estate investors.

At number 211 in a list of fastest selling suburbs, Gorokan is in the TOP 20% of suburbs in Australia with an average of days on market 42.9 for properties listed there.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

Metrics i HOUSE UNIT
$471,000 $370,000
3.52% 1.37%
14.39% 10.45%
7.19% 6.80%
$370 $330
196 47
4.08% 4.64%
40.43 42.9

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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