Suburb Profile Report for Gorokan NSW (2263)

Gorokan House: Median price $451,000, Annual capital growth 6.18%, Number of sales 154, Weekly median advertised rent $380

Gorokan Unit: Median price $342,500, Annual capital growth 5.94%, Number of sales 42, Weekly median advertised rent $340

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Gorokan, 2263 have given investors a capital gain of -4.20%. This compares badly with the 0.15% for NSW as a whole.

The five-year average increase in median property values for Gorokan,2263 has given property investors a potential capital gain of 33.83% across each of those five years.

Vendor discounting in Gorokan is giving property investors an average Vendor Discount of around -7.43%. This puts suburb at number 257th in NSW when ranking the most discounted suburbs.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Property investors who have had real estate in Gorokan, 2263 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.84%

Across a shorter period, Gorokan, 2263 has seen a median price increase of 0.74% over the last quarter.

Gorokan2263 is located in NSW which offers an average discount of -6.01% to property investors. Gorokan itself is showing figures that indicate -6.37% is the average achievable by property buyers investing in the suburb.

Metrics i HOUSE UNIT
$451,000 $342,500
0.22% 0.74%
-4.20% -2.84%
6.18% 5.94%
$380 $340
154 42
4.38% 5.16%
78.05 79.4117647058824

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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