Gunbower (postcode 3566) is a close-knit residential community in Victoria within the Campaspe local government area. With a population of 578, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $55K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
The median house price in Gunbower is $278,000, having risen steeply by 113.8% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,000.
Gunbower is served by 1 school, including 1 primary. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Campaspe LGA is higher than average at 10,065 incidents per 100,000 population.
Looking at the investment signals, Gunbower shows a gross rental yield of approximately 8.6%, rated as high yield. Property prices sit below the state median ($278K/$850K), which can point to relative value. The price-to-income ratio of 5.0x is considered affordable. House prices have moved +113.8% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.