Gowanbrae is a compact suburb in Victoria within the Moreland local government area (postcode 3043). With a population of 2,971, the suburb has an established family 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. 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
Median house prices in Gowanbrae stand at $1.0 million, having climbed sharply by 18.5% over the last twelve months. Units have a median price of $810,000 (+11.3% 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.
On the investment side, Gowanbrae shows a gross rental yield of approximately 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.