At number 2036th in the list of Australian suburbs ordered by increase in median house value over the last year, Gisborne, 3437 is in the top half with a property value increase of 6.40% recorded in median house prices.
If we look at median property appreciation over just the last three months, Gisborne has given property investors a paper return of -5.02%. This puts Suburb as 675 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Gisborne is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 354th in VIC when ranking the most discounted suburbs.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
Gisborne is in the bottom 30% in VIC when comparing median price capital growth over the last year. Gisborne gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.42%.
Taking the average capital gain, or increase in median house value, Gisborne,3437 has racked up an average of -2.42% over the period. This ranks it number 673th in the whole country for real estate investors looking at median house price increases.
Gisborne3437 is located in VIC which offers an average discount of -4.87% to property investors. Gisborne itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
With the median price for a house in Gisborne being $433000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.08%