Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $610,000, Annual capital growth 7.61%, Number of sales 118, Weekly median advertised rent $400

Gisborne Unit: Median price $449,500, Annual capital growth 5.90%, Number of sales 32, Weekly median advertised rent $330

  • 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 12.96%

Across a shorter period, Gisborne, 3437 has seen a median price increase of 3.51% over the last quarter.

At number 423th of VIC’s most discounted properties, Gisborne is in the TOP 40% of the state/territory when listing in order of most discounted to least.

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

Gisborne, 3437 ranked 187th in VIC when comparing growth in median property values or capital gain over the last 12 months. Gisborne is one of 2098 in our list for VIC

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

The most recent median price for Gisborne is $449500, with sellers offering an average of -4.91% off the asking price.

The VIC suburb of Gisborne, 3437 is in the Macedon Ranges local government area.

HOUSE UNIT
$610,000 $449,500
3.51% 0.67%
12.96% 3.33%
7.61% 5.90%
$400 $330
118 32
3.41% 3.82%
95.66 81.41

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