Gowanbrae is a smaller suburb in Victoria within the Moreland local government area (postcode 3043). With a population of 2,971, the suburb has an established demographic with a median age of 40. Households earn a median income of $115K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Gowanbrae is $1.0 million, having surged 18.5% over the past year. Units have a median price of $728,000 (+0.4% YoY). The median weekly rent is $445 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Public transport access includes 14 bus stops.
From an investment perspective, Gowanbrae offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +18.5% year-on-year.
Gowanbrae is a smaller suburb in Victoria within the Moreland local government area (postcode 3043). With a population of 2,971, the suburb has an established demographic with a median age of 40. Households earn a median income of $115K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Gowanbrae is $1.0 million, having surged 18.5% over the past year. Units have a median price of $728,000 (+0.4% YoY). The median weekly rent is $445 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Public transport access includes 14 bus stops.
From an investment perspective, Gowanbrae offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +18.5% year-on-year.