Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $647,500, Annual capital growth 8.26%, Number of sales 126, Weekly median advertised rent $430

Gisborne Unit: Median price $449,500, Annual capital growth 5.41%, Number of sales 29, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Gisborne has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.73%

When looking at the potential capital gains offered to property investors over the last 3 years, Gisborne comes in at number 274th in VIC.

Property investors looking for a bargain in Gisborne should be aiming for at least -5.13% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Gisborne being $647500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.45%

Gisborne has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.45% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Gisborne comes in at number 56th in VIC.

Our latest figures would indicate that property sellers in Gisborne are currently offering property investors an average price cut of -4.85% below the asking price at the moment.

Metrics i HOUSE UNIT
$647,500 $449,500
4.44% -0.06%
17.73% 2.45%
8.26% 5.41%
$430 $325
126 29
3.45% 3.76%
102.9 70

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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