Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $615,000, Annual capital growth 7.24%, Number of sales 121, Weekly median advertised rent $440

Gisborne Unit: Median price $433,000, Annual capital growth 4.79%, Number of sales 28, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2036th in the list of Australian suburbs ordered by increase in median house value over the last year, Gisborne, 3437 is in the top half with a property value increase of 6.40% recorded in median house prices.

If we look at median property appreciation over just the last three months, Gisborne has given property investors a paper return of -5.02%. This puts Suburb as 675 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Gisborne is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 354th in VIC when ranking the most discounted suburbs.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

Gisborne is in the bottom 30% in VIC when comparing median price capital growth over the last year. Gisborne gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.42%.

Taking the average capital gain, or increase in median house value, Gisborne,3437 has racked up an average of -2.42% over the period. This ranks it number 673th in the whole country for real estate investors looking at median house price increases.

Gisborne3437 is located in VIC which offers an average discount of -4.87% to property investors. Gisborne itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.

With the median price for a house in Gisborne being $433000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.08%

Metrics i HOUSE UNIT
$615,000 $433,000
-5.02% -2.64%
6.40% -2.42%
7.24% 4.79%
$440 $340
121 28
3.72% 4.08%
89.15 61.23

Source: CoreLogic

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