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Suburb Insights ยท VIC 3480

Gil Gil 3480, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Gil Gil is a regional centre in Victoria, Australia, with a population of approximately 23, making it a boutique locality. Located approximately 238 km from the Melbourne CBD, Gil Gil is a regional area in Victoria. The median household income is $46,800 AUD per year (ABS 2021 Census).

Investment Score

25 / 100 Weak

Gil Gil's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Gil Gil, Victoria, Australia.

Key Indicators

Postcode
3480

Official Australia Post postcode for Gil Gil. A postcode may cover multiple suburbs.

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Population
23

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
N/A

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$46,800/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
238 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$975/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
100% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Gil Gil serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. 100% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Long-term holding in Gil Gil requires careful assessment of local economic resilience.

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Rental Yield

Achieving strong cash flow in Gil Gil is challenging at current rent-to-price ratios.

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Renovation / Flip

The resale market in Gil Gil may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Gil Gil property

Full Property Analysis

30-year projections for Gil Gil

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Gil Gil faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Gil Gil's 2026 outlook. Gil Gil is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Gil Gil a good suburb for investment?

Gil Gil is a regional area in Victoria with a population of 23. the median household income is $46,800/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Gil Gil?

Key demand drivers in Gil Gil include regional employment hubs, lifestyle, and affordability. 100% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Gil Gil?

According to the ABS 2021 Census, Gil Gil has a population of approximately 23. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Gil Gil from the Melbourne CBD?

Gil Gil is approximately 238 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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