Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $655,000, Annual capital growth 8.62%, Number of sales 126, Weekly median advertised rent $430

Gisborne Unit: Median price $444,750, Annual capital growth 5.26%, Number of sales 32, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$655,000 $444,750
3.15% -1.17%
18.02% 2.24%
8.62% 5.26%
$430 $320
126 32
3.41% 3.74%
100.22 61.15

Source: CoreLogic

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