With a capital gain of 8.22% for the last 12 months, New Gisborne, 3438 has performed for property investments than its average annual 4.01% property growth over the last 5 years.
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.
Vendor discounting in New Gisborne is giving property investors an average Vendor Discount of around -3.87%. This puts suburb at number 503th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Advertised rents are around the $454.5 mark per week – giving a return of 4.38% based on the median price in Suburb