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Suburb Insights ยท VIC 3221

Gnarwarre 3221, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Gnarwarre is a coastal suburb in Victoria, Australia, with a population of approximately 297, making it a boutique locality. Located approximately 81 km from the Melbourne CBD, Gnarwarre is a coastal area in Victoria. The median household income is $113,724 AUD per year (ABS 2021 Census).

Investment Score

53 / 100 Moderate

Above-average earnings in Gnarwarre support sustained property values. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Gnarwarre, Victoria, Australia.

Key Indicators

Postcode
3221

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

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Population
297

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

ABS Census Data โ†’
Median Rent (weekly)
$390/wk

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

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Median Household Income
$113,724/yr

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

ABS Census Data โ†’
Distance to CBD
81 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)
$2,500/mo

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

ABS Census Data โ†’
Dwelling Type
85% 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

Coastal lifestyle is a strong draw for Gnarwarre, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $390/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. A median household income of $113,724/year supports premium property values and indicates a well-employed resident base. 85% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Gnarwarre offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Gnarwarre can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

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

Risk Factors

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Full Property Analysis

30-year projections for Gnarwarre

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Gnarwarre is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. The rental market in Gnarwarre should see steady occupancy, with moderate upward pressure on rents. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Gnarwarre a good suburb for investment?

Gnarwarre is a coastal area in Victoria with a population of 297. The median rent is $390/week and the median household income is $113,724/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 Gnarwarre?

Key demand drivers in Gnarwarre include lifestyle appeal and proximity to the coast. 85% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Gnarwarre?

According to the ABS 2021 Census, Gnarwarre has a population of approximately 297. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Gnarwarre from the Melbourne CBD?

Gnarwarre is approximately 81 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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