Suburb Profile Report for Gowanbrae VIC (3043)

Gowanbrae House: Median price $702,000, Annual capital growth 6.14%, Number of sales 31, Weekly median advertised rent $469

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Gowanbrae have tracked just lower than the VIC average of -1.79% over the last 12 months.

If we look at median property appreciation over just the last three months, Gowanbrae has given property investors a paper return of -0.43%. This puts Suburb as 365 on a list of fastest fasting appreciating suburbs in VIC

Residents and property investors in Gowanbrae have been waiting around 50.3913 days to sell a property.

Renters in Suburb are facing rents around $24388 per annum or $469 every week.

Information supplied by:


May 2018

M
O

W
E

Young suburb is a hot spot

Postcode: 3043

Median house price: $765,500

Three-year growth: 37.3%

Rental yield: 3.1%

Situated 13km from the Melbourne CBD, the suburb of Gowanbrae is performing well, maintaining a five-year positive growth streak.

House prices increased by 23.7% in the 12 months leading up to February 2018, and this positivity shows no signs of slowing. Houses also spend an average of just 44 days on the market at an average discount rate of 3.9%. This shows that Gowanbrae has a lot of investment potential especially in the face of an anticipated slowdown in Melbourne.

The newest suburb in Moreland City, Gowanbrae is highly accessible as it is bordered by the Western Ring Road and the Tullamarine Freeway. Moonee Ponds Creek is situated east of the suburb and serves as a recreation spot for residents as it facilitates cycling and picnicking.

Metrics i HOUSE UNIT
$702,000 N/A
-0.43% N/A
-10.12% N/A
6.14% N/A
$469 N/A
31 N/A
3.47% N/A
50.3913043478261 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2745
Median household income ($/weekly) 1502
Median age of persons 35
Median housing loan repayment ($/monthly) 2080
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 251 9.1
    5-14 years 391 14.2
    25-34 years 426 15.5
    35-44 years 538 19.6
    45-54 years 328 11.9
    Others 811 29.5
    Age Group
    Census Count Percent(%)
    Registered Married 1145 57.9
    Not Married 651 32.9
    Defacto Relationship 180 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1938 74.2
    Former Yugoslav Republic of Macedonia 58 2.2
    Japan 60 2.3
    Sri Lanka 56 2.1
    Other 95 3.6
    Others 404 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 103 4.0
    Christianity 1850 72.4
    Hinduism 96 3.8
    Islam 112 4.4
    No Religion 390 15.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 79 9.0
    $1,250-$1,499 89 10.2
    $1,500-$1,999 119 13.6
    $2,000-$2,499 104 11.9
    $2,500-$2,999 102 11.7
    Others 381 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 944 46.7
    Not in the labour force 578 28.6
    Employed, worked part-time 376 18.6
    Employed, away from work 73 3.6
    Unemployed, looking for work 51 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 197 14.1
    Professionals 279 20.0
    Technicians & trades workers 184 13.2
    Community & personal service workers 141 10.1
    Clerical & administrative workers 260 18.6
    Others 336 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 78 11.6
    Infants/Primary 251 37.5
    Secondary 162 24.2
    Technical or Further Educational Institution 52 7.8
    University or other Tertiary Institutions 103 15.4
    Others 24 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2203 84.8
    Flat, unit or apartment 249 9.6
    Semi-detached, row or terrace house, townhouse 144 5.5
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 528 56.1
    Rented 240 25.5
    Fully owned 166 17.6
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
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