Suburb Profile Report for New Gisborne VIC (3438)

New Gisborne House: Median price $505,000, Annual capital growth 4.66%, Number of sales 25, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report

At number 3239th in the list of Australian suburbs ordered by increase in median house value over the last year, New Gisborne, 3438 is in the BOTTOM 30% with a property value increase of -2.88% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in New Gisborne has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in New Gisborne are currently offering property investors an average price cut of -5.45% below the asking price at the moment.

Residents and property investors in New Gisborne have been waiting around 68.47 days to sell a property.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

HOUSE UNIT
$505,000 N/A
1.46% N/A
-2.88% N/A
4.66% N/A
$425 N/A
25 N/A
4.38% N/A
68.47 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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