Gorae (postcode 3305) is a small, quiet locality in Victoria within the Glenelg local government area. It is home to about 236 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $98K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Scottish.
The current median weekly rent is $420. The median monthly mortgage repayment is $1,435.
The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.