Suburb Profile Report for New Gisborne VIC (3438)

New Gisborne House: Median price $500,000, Annual capital growth 4.56%, Number of sales 23, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 7.80% which means that New Gisborne, 3438 has done well for property investors by showing a capital gain of -4.76% over the last year

Over the longer term, New Gisborne has seen property prices show investors a 3.09% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.21% to buyers in New Gisborne at the moment, which is less than average for the rest of VIC.

HOUSE UNIT
$500,000 N/A
0.20% N/A
-4.76% N/A
4.56% N/A
$430 N/A
23 N/A
4.47% N/A
47.82 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2380
Median household income ($/weekly) 1634
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 434 18.2
    25-34 years 219 9.2
    35-44 years 417 17.5
    45-54 years 312 13.1
    55-64 years 229 9.6
    Others 769 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 950 59.1
    Not Married 520 32.3
    Defacto Relationship 138 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2037 88.0
    Greece 16 0.7
    United Kingdom 144 6.2
    United States of America 17 0.7
    Other 24 1.0
    Others 77 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 7 0.3
    Christianity 1545 69.0
    Islam 5 0.2
    Other Religious Groups 7 0.3
    No Religion 673 30.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 54 8.0
    $1,250-$1,499 61 9.1
    $1,500-$1,999 91 13.5
    $2,000-$2,499 80 11.9
    $2,500-$2,999 86 12.8
    Others 300 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 679 40.0
    Not in the labour force 544 32.0
    Employed, worked part-time 376 22.1
    Employed, away from work 62 3.7
    Unemployed, looking for work 37 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 14.2
    Professionals 246 21.9
    Technicians & trades workers 171 15.3
    Community & personal service workers 119 10.6
    Clerical & administrative workers 195 17.4
    Others 231 20.6
    Occupation
    Census Count Percent(%)
    Pre-school 65 9.0
    Infants/Primary 311 43.1
    Secondary 199 27.6
    Technical or Further Educational Institution 46 6.4
    University or other Tertiary Institutions 83 11.5
    Others 17 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2221 98.3
    Semi-detached, row or terrace house, townhouse 23 1.0
    Flat, unit or apartment 16 0.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 390 53.4
    Fully owned 251 34.3
    Rented 87 11.9
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals