If you compare the increase in value of investment property in Gisborne, 3437 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.02%.
If we look at median property appreciation over just the last three months, Gisborne has given property investors a paper return of 3.15%. This puts Suburb as 251 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Gisborne is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 342th in terms of most discounted suburbs in VIC
At number 2669 in a list of fastest selling suburbs, Gisborne is in the bottom 30% of suburbs in Australia with an average of days on market 100.22 for properties listed there.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 8.62%.
Property investors who have had real estate in Gisborne, 3437 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.24%
While Gisborne,3437 ranked number 279th in VIC for increase in median house value (annualised) increase, it is ranked 97th over the last 5 years.
Sellers are offering property buyers an average discount of -4.16% to buyers in Gisborne at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $320 weekly from the median priced house in this suburb.