Goughs Bay is a quiet locality in Victoria within the Mansfield local government area (postcode 3723). With a population of 328, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Goughs Bay is $580,000, having surged 16.1% over the past year. The current median weekly rent is $471. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,300.
The crime rate in the Mansfield LGA is below average at 3,664 incidents per 100,000 population.
From an investment perspective, Goughs Bay offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($580K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +16.1% year-on-year.
Goughs Bay is a quiet locality in Victoria within the Mansfield local government area (postcode 3723). With a population of 328, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Goughs Bay is $580,000, having surged 16.1% over the past year. The current median weekly rent is $471. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,300.
The crime rate in the Mansfield LGA is below average at 3,664 incidents per 100,000 population.
From an investment perspective, Goughs Bay offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($580K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +16.1% year-on-year.