At number 693th in the list of Australian suburbs ordered by increase in median house value over the last year, Gorokan, 2263 is in the top 20% with a property value increase of 13.16% recorded in median house prices.
Over the longer term, Gorokan has seen property prices show investors a 48.28% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Gorokan itself are offering an average vendor discount of -4.42% to real estate investors.
With the median price for a house in Gorokan being $430000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.35%
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 11.63%
Across a shorter period, Gorokan, 2263 has seen a median price increase of 2.38% over the last quarter.
At number 449th of NSW’s most discounted properties, Gorokan is in the TOP 10% of the state/territory when listing in order of most discounted to least.
The NSW suburb of Gorokan, 2263 is in the Wyong local government area.