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%