AREA REPORTS

Gowanbrae

Suburb Profile

Gowanbrae - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3043

house

Property investors have seen a -6.75% drop in GOWANBRAE based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on GOWANBRAE, 3043 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.89%.

Based on its average 5-year and quarterly capital gains GOWANBRAE, 3043 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $781,000

Profits averaged 14% per annum over a 3-year period, due to an upward trend in home prices in GOWANBRAE, 3043.

This means, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

The gross rental yield in GOWANBRAE, 3043 is 3.13%.

An average of 2.42 real estate transactions take place per month in GOWANBRAE which translates to 29 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $781,000 N/A
GROWTH REPORT
Median Quarterly -6.75% N/A
Median 12 month 11.89% N/A
Median 3 years 42% N/A
Median 5 years 42.58% N/A
10 years average annual 7.73% N/A
Weekly media advert. rent $470 N/A
Time on Market 46.7 days N/A
Gross Rental Yield Percent 3.13% N/A
demographics (median values)
Total Population
1894
Weekly Household Income
1485
Household Size
3.00
demographics
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