Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $595,000, Annual capital growth 7.31%, Number of sales 117, Weekly median advertised rent $400

Gisborne Unit: Median price $448,750, Annual capital growth 6.37%, Number of sales 31, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 10.59% for the last 12 months, Gisborne, 3437 has performed for property investments than its average annual 7.31% property growth over the last 5 years.

Gisborne,3437 has offered an average of 10.59% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Gisborne 3437 should be seeing an average reduction in asking price of around -5.43% . This means that Gisborne is holding prices well when compared to other suburbs in VIC.

In the last year 117 properties changed hands in Gisborne, which puts it as the 220th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Over the last year, property investments in Gisborne, 3437 have given investors a capital gain of 3.16%. This compares averagely with the 3.63% for VIC as a whole.

Comparing Gisborne,3437 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -4.94% to buyers in Gisborne at the moment, which is less than average for the rest of VIC.

With the median price for a house in Gisborne being $448750 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.71%

HOUSE UNIT
$595,000 $448,750
3.48% 1.13%
10.59% 3.16%
7.31% 6.37%
$400 $320
117 31
3.50% 3.71%
97.33 79.29

Source: CoreLogic

DSR Score for property investment : Good (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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