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Suburb Insights ยท VIC 3873

Gormandale 3873, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Gormandale is a regional centre in Victoria, Australia, with a population of approximately 324, making it a boutique locality. Located approximately 161 km from the Melbourne CBD, Gormandale is a regional area in Victoria. The median household income is $77,220 AUD per year (ABS 2021 Census).

Investment Score

33 / 100 Weak

Gormandale has a solid income profile that supports reliable occupancy rates. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Gormandale, Victoria, Australia.

Key Indicators

Postcode
3873

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

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Population
324

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

ABS Census Data โ†’
Median Rent (weekly)
$113/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
$77,220/yr

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

ABS Census Data โ†’
Distance to CBD
161 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)
$1,300/mo

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

ABS Census Data โ†’
Dwelling Type
94% 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, Gormandale 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. The median rent of $113/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,300/month. The median household income of $77,220/year reflects a solid demographic, supporting sustainable rental demand. 94% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Gormandale's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Gormandale property

Full Property Analysis

30-year projections for Gormandale

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Gormandale is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Gormandale's 2026 outlook. Gormandale is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Gormandale a good suburb for investment?

Gormandale is a regional area in Victoria with a population of 324. The median rent is $113/week and the median household income is $77,220/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 Gormandale?

Key demand drivers in Gormandale include regional employment hubs, lifestyle, and affordability. 94% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Gormandale?

According to the ABS 2021 Census, Gormandale has a population of approximately 324. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Gormandale from the Melbourne CBD?

Gormandale is approximately 161 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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