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Gowanbrae, VIC 3043

Home » VIC Real Estate Data » Moreland City, VIC » Gowanbrae, VIC 3043

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Gowanbrae, VIC 3043 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Gowanbrae, VIC 3043”

  1. The total adult population (15 years or older) of Gowanbrae 3043 VIC is 2,386, with a median age of 40. Of those, 53.56% are married, 10.44% are divorced or separated, 30.51% are single and 5.83% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $10,476. The median monthly mortgage repayment for households in this suburb is $2,000 which is 19.09% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Gowanbrae, postcode 3043, sits within the state of Victoria (VIC) and plays host to approximately 1201 households. As the third quarter of 2023 unfolds, typical house prices in this inviting neighbourhood sit at $805,248. When paired with the median weekly rent of $488, these figures generate an attractive indicative yield of 3.15%.

    From a socio-economic standpoint, Gowanbrae maintains a reputable standing, attaining 1067 out of a total 1217 points according to the IRSAD scale. This indicates an appreciable access to economic resources, including relatively higher income levels and a concentration of skilled professions. The renter to owner ratio at an impressively low 12%, significantly under the 30% benchmark, suggests that Gowanbrae enjoys a robust owner-occupier rate, which can contribute to a community-focused environment that’s often very appealing to long-term tenants.

    In addition, the unit to house ratio is a mere 1%, significantly underscoring the threshold of 50%. It implies a predominantly house-focused market, often seen as positive since houses typically attract longer term tenants like families, consequently stabilising your rental income as an investor.

    It’s worth noting that the affordability index for houses in Gowanbrae stands at 30 years, which although not in overly favourable territory, does tow the line exceptionally well at this average Australian mark.

    When we shift our attention to supply indicators, the news continues to be encouraging for prospective investors. The stock on market percentage for houses is a mere 0.18%, staying well beneath the 0.4% bar set for a low supply market. inventory levels, too, offer positivity, with houses spending just 0.96 months on the market. This, coupled with a building approvals Ratio registering at a very favourable 0.27%, indicates a satisfying balance in the supply-demand equation.

    The number of days houses spend on the market is 67, pushing the suburb into a neutral demand bracket. Meanwhile, Gowanbrae’s vacancy rate – a composite figure for both houses and units – is 1.43%, pointing to substantial demand for rental properties. The buy search index for houses stands at a neutral 5, assuring that the area aligns with state averages in terms of buying interest.

    In summary, Gowanbrae’s property market demonstrates a strong balance in supply and demand with its lower end metrics for stock on market, inventory and building approvals. Coupled with robust socio-economic scores and owner-occupier ratios, these characteristics underpin the appeal of Gowanbrae as a promising locale for property investors. However, it’s crucial not to rest on these laurels and to continue to monitor the market trend for the prospect of long-term investment success. The HtAG Analytics’ Relative Composite Score (RCS) can be a useful tool in automating this monitoring process using its arsenal of over 80 property metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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