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Goughs Bay
AREA REPORTS

Goughs Bay

Goughs Bay - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3723

house

Property investments in GOUGHS BAY fare well against the rest of the country last year, registering a median home price increase of 36.99%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GOUGHS BAY, 3723 saw average growth in the long term.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 29.3 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $500,000.

GOUGHS BAY ranks 675th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.

Data report can be found below

Goughs Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $500,000 N/A
GROWTH REPORT
Median Quarterly 1.68% N/A
Median 12 month 36.99% N/A
Median 3 years 44.72% N/A
Median 5 years 112.77% N/A
10 years average annual 11.83% N/A
Weekly media advert. rent N/A N/A
Time on Market 29.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
3005
Weekly Household Income
1003
Household Size
2.10
Age
48
Monthly Loan Repayment
1252
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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