Gannawarra Shire, VIC
The Shire of Gannawarra is a local government area in northern Victoria, Australia. The LGA’s property market is a regional market, with a mix of town and country properties. Prices vary depending on the location and the type of property. The market is growing, with new development happening in some areas.
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The shire’s economy is based on agriculture, with wheat, sheep, and cattle farming the main industries.
Gannawarra Shire is predominantly a rural area where typical real estate is farmland and rural properties. In Gannawarra, 95.8 % of occupied private residences are detached houses, 0.2 % are semi-detached, row or terrace houses, townhouses, or other buildings, 2.6 % are flats or apartments, and 1.1 % are other dwellings. In Gannawarra, the typical weekly personal income for persons aged 15 years and older is $498.
In Gannawarra, 95.8 % of occupied private residences are detached houses, 0.2 % are semi-detached, row or terrace houses, townhouses, or other buildings, 2.6 % are flats or apartments, and 1.1 % are other dwellings.
If you’re looking to invest in property in the Gannawarra Shire, there are a few things you’ll want to take into account. Firstly, you’ll want to research the current market conditions and analyse what properties are selling for. You’ll also want to look into the potential development opportunities in the area, as well as the current zoning regulations. It’s also important to consider the infrastructure in the area, as well as the local economy. By doing your research and planning ahead, you’ll be able to find the perfect property investment in the Gannawarra Shire.
Use the interactive dashboard below to help you establish the best suburbs for property investment in Gannawarra.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
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Supply
Stock on Market
Inventory
Hold Period
Demand
Days on Market
Vacancy Rate
Clearance Rate
All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Gannawarra Shire, VIC
Gannawarra Shire is surrounded by 3 other council areas – Loddon, Campaspe, Buloke.
There are approximately 11000 people living in roughly 6300 dwellings in total, with an average household size of 2.2.
The main retail centres are Gravity Clothing, GLOSS Clothing, Murrabit Country Market, Husk Street Surf, Quambatook District Share Shop Inc.
Such sectors as Agriculture, Forestry and Fishing, Health Care and Social Assistance, Retail Trade make up the largest part of the employment.
Among approximately 11000 people in Gannawarra Shire males and females make roughly 50% of each group. The median age of people is 49 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 28%.
Among approximately 4700 people employed, roughly 55% work full-time, 34% work part-time, and an estimated 5% are unemployed.
Suburbs/localities in this Local Government Area: Gonn Crossing 3579, Keely 3568, Kerang 3579, Kerang East 3579, Koondrook 3580, Koroop 3579, Lake Charm 3581, Lake Meran 3579, Lalbert 3542, Macorna North 3568, Mcmillans 3568, Mead 3568, Meatian 3585, Milnes Bridge 3579, Mincha West 3568, Murrabit 3579, Murrabit West 3579, Mystic Park 3579, Ninyeunook 3527, Normanville 3579, Oakvale 3540, Pine View 3579, Benjeroop 3579, Quambatook 3540, Reedy Lake 3579, Sandhill Lake 3579, Teal Point 3579, Tragowel 3579, Wandella 3579, Wee Wee Rup 3568, Westby 3579, Myall 3579, Budgerum East 3579, Burkes Bridge 3568, Cannie 3540, Capels Crossing 3579, Appin 3579, Cohuna 3568, Cullen 3568, Daltons Bridge 3568, Dingwall 3579, Fairley 3579, Gannawarra 3568, Bael Bael 3579