gembrook

3783, Victoria

Real Estate & Property Information

Median
Price Rank
363

gembrook Suburb Profile & Review

Gembrook is a beautiful village in the Dandenong Ranges. It is little over an hour from the heart of Melbourne, making it a popular destination for commuters and holiday makers looking for a weekend escape. Those travelling to the city can do so via the Monash Freeway. Public transport facilities are also available & the route 695 bus service runs regularly between Gembrook and Belgrave Station.

Bushwalking, horse riding and camping are all popular activities in Bunyip State Park. Gembrook is a stopover point for the Puffing Billy steam train. Beside the heritage train station is JAC Russell Park, where families gather for barbeques, picnics and bike riding.

There is one school, Gembrook Primary School. cafes, bakeries, craft shops and an IGA supermarket can be found along Main Street. Charlottes on Main is beloved for its Devonshire teas, while Gembrook Bakery boasts scrumptious pastries and cappuccinos.

gembrook Demographic Data

$ 399,615 Median House Price

63 Minutes Average Commute

40 Median Age

2,149 Population

48.02 % Female

51.98 % Male

598 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in gembrook, Victoria.

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gembrook Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

gembrook Median House Prices

  • 2008 $ 280,000
  • 2009 $ 305,000
  • 2010 $ 300,000
  • 2011 $ 340,000
  • 2012 $ 399,615

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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gembrook 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in gembrook have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term gembrook property price predictions.

gembrook Market Property Types

  • 100 % Seperate House
  • 0 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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gembrook Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

gembrook Income & Mortgage Stats

  • $ 1,306 Median Weekly Household Income
  • $ 1,800 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in gembrook

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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gembrook Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

gembrook Sold Property Prices

gembrook Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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gembrook Restaurants

  • Dawat-E-SaiShop 3 83 Main St gembrook VIC 378303 5968 1857
  • Charlotte's On Main97 Main Street gembrook VIC 378303 5968 1715
  • Forest Edge2905 Gembrook-Launching Pl Rdgembrook VIC 378303 5967 7007

gembrook Cafes

  • Charlotte's On Main97 Main Streetgembrook VIC 378303 5968 1715
  • Charlottes on Main97 Main Stgembrook VIC 378303 5968 1715

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