City of Merri-bek
Gowanbrae Property Market
& Suburb Profile
MEDIAN PRICES IN GOWANBRAE
Median house price
(all agencies, last 12 months)$910k*House price change
(all agencies, last 12 months)+1.11%Median unit price
(all agencies, last 12 months)$801k*Unit price change
(all agencies, last 12 months)+12.58%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
GOWANBRAE price TRACKER
Gowanbrae sales overview
- Sold by Private Sale or Other Method 100%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)31Average days on market (units)
(all agencies, 12 months)27Average held period in Gowanbrae
(proptrack)15 yearsGowanbrae Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$664pwHouse rental price change
(all agencies, last 12 months)0.03%Median rental price for Units
(all agencies, last 12 months)$507pwUnit rental price change
(all agencies, last 12 months)0.04%Average rental yield for Houses
(all agencies, last 12 months)3.73%Average rental yield for Units
(all agencies, last 12 months)4.18%Gowanbrae total population size
(as at the last census)2,971Median household size in Gowanbrae
(as at the last census)2.7(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
Gowanbrae property types
- Houses 65%
- Units 2%
- Other 33%
OCCUPANCY in Gowanbrae
- Owned 79%
- Rented 12%
- Other/Not Stated 9%
- Singles 21%
- Families 77%
- Other 2%
About Gowanbrae
Sales Comparison
Find out how Gowanbrae median sales prices compare to neighbouring suburbs.
Gowanbrae MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 34 | $855,500 | +1.11% |
| 2024 | 41 | $801,500 | +12.50% |
| 2023 | 36 | $770,000 | -9.86% |
| 2022 | 35 | $822,250 | -3.53% |
| 2021 | 35 | $783,250 | +46.03% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 19 | $586pw | 3.96% |
| 2024 | 29 | $561pw | 4.07% |
| 2023 | 30 | $535pw | 3.84% |
| 2022 | 32 | $463pw | 3.50% |
| 2021 | 39 | $412pw | 2.86% |
PROUDLY SERVICING Gowanbrae
Barry Plant
Gladstone Park
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.