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 17.73%
When looking at the potential capital gains offered to property investors over the last 3 years, Gisborne comes in at number 274th in VIC.
Property investors looking for a bargain in Gisborne should be aiming for at least -5.13% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Gisborne being $647500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.45%
Gisborne has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.45% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Gisborne comes in at number 56th in VIC.
Our latest figures would indicate that property sellers in Gisborne are currently offering property investors an average price cut of -4.85% below the asking price at the moment.