Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $637,500, Annual capital growth 8.43%, Number of sales 125, Weekly median advertised rent $430

Gisborne Unit: Median price $444,750, Annual capital growth 5.35%, Number of sales 26, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 444th in the list of Australian suburbs ordered by increase in median house value over the last year, Gisborne, 3437 is in the top 20% with a property value increase of 15.91% recorded in median house prices.

A 46.55% growth in median value for property investors in Gisborne,3437 puts this suburb at number 261th in terms of best performing suburbs in VIC

Gisborne, 3437 is offering VIC ‘s 428th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Residents and property investors in Gisborne have been waiting around 102.85 days to sell a property.

If you compare the increase in value of investment property in Gisborne, 3437 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.66%.

While Gisborne,3437 ranked number 266th in VIC for increase in median house value (annualised) increase, it is ranked 75th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Gisborne itself are offering an average vendor discount of -4.85% to real estate investors.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

HOUSE UNIT
$637,500 $444,750
2.82% -0.89%
15.91% 1.66%
8.43% 5.35%
$430 $320
125 26
3.51% 3.74%
102.85 70

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 7289
Median household income ($/weekly) 1628
Median age of persons 38
Median housing loan repayment ($/monthly) 1885
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1154 15.8
    25-34 years 685 9.4
    35-44 years 1131 15.5
    45-54 years 1149 15.8
    55-64 years 834 11.4
    Others 2336 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 3080 59.0
    Not Married 1720 32.9
    Defacto Relationship 422 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6074 85.3
    Japan 44 0.6
    Papua New Guinea 96 1.3
    United Kingdom 411 5.8
    Other 100 1.4
    Others 397 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 0.7
    Christianity 4737 69.5
    Hinduism 16 0.2
    Islam 24 0.4
    No Religion 1976 29.0
    Others 9 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 173 7.9
    $1,000-$1,249 172 7.9
    $1,500-$1,999 323 14.8
    $2,000-$2,499 274 12.6
    $2,500-$2,999 265 12.2
    Others 971 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2257 40.9
    Not in the labour force 1653 30.0
    Employed, worked part-time 1261 22.9
    Employed, away from work 219 4.0
    Unemployed, looking for work 126 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 515 13.8
    Professionals 832 22.3
    Technicians & trades workers 601 16.1
    Community & personal service workers 376 10.1
    Clerical & administrative workers 604 16.2
    Others 806 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 151 7.5
    Infants/Primary 777 38.8
    Secondary 625 31.2
    Technical or Further Educational Institution 132 6.6
    University or other Tertiary Institutions 266 13.3
    Others 51 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6557 94.7
    Flat, unit or apartment 187 2.7
    Semi-detached, row or terrace house, townhouse 178 2.6
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1140 47.2
    Fully owned 827 34.2
    Rented 436 18.0
    Other tenure type 13 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals