Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $626,500, Annual capital growth 8.32%, Number of sales 119, Weekly median advertised rent $435

Gisborne Unit: Median price $449,750, Annual capital growth 5.72%, 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

VIC has seen average median house prices change by 8.06% which means that Gisborne, 3437 has done well for property investors by showing a capital gain of 15.22% over the last year

Taking the average capital gain, or increase in median house value, Gisborne,3437 has racked up an average of 15.22% over the period. This ranks it number 1203th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.63% to buyers in Gisborne at the moment, which is less than average for the rest of VIC.

Gisborne is 316th on a list of best yielding suburbs for rents in VIC with a 3.61% return

Property value increases in Gisborne have tracked close to the VIC average of 3.11% over the last 12 months.

The five-year average increase in median property values for Gisborne,3437 has given property investors a potential capital gain of 24.67% across each of those five years.

The most recent median price for Gisborne is $449750, with sellers offering an average of -4.77% off the asking price.

Gisborne, 3437’s gross rental yield is 3.70%

HOUSE UNIT
$626,500 $449,750
4.59% N/A
15.22% 3.39%
8.32% 5.72%
$435 $320
119 31
3.61% 3.70%
98.7 70.76

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
Chart Table
Recent sales & rentals