Suburb Profile Report for Gisborne VIC (3437)

Gisborne House: Median price $755,000, Annual capital growth 8.68%, Number of sales 133, Weekly median advertised rent $460

Gisborne Unit: Median price $443,000, Annual capital growth 7.38%, Number of sales 20, Weekly median advertised rent $360

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

Property value increases in Gisborne have tracked just higher than the VIC average of 4.75% over the last 12 months.

Taking the average capital gain, or increase in median house value, Gisborne,3437 has racked up an average of 12.39% over the period. This ranks it number 529th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Gisborne should be aiming for at least -5.57% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 133 properties changed hands in Gisborne, which puts it as the 183th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Gisborne, 3437 is in the Macedon Ranges (S) local government area.

Gisborne is in the bottom 40% in VIC when comparing median price capital growth over the last year. Gisborne gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.01%.

A 30.87% growth in median value for property investors in Gisborne,3437 puts this suburb at number 235th in terms of best performing suburbs in VIC

Property buyers and investors in Gisborne 3437 should be seeing an average reduction in asking price of around -1.13% . This means that Gisborne is holding prices well when compared to other suburbs in VIC.

Metrics i HOUSE UNIT
$755,000 $443,000
3.42% -1.56%
12.39% -1.01%
8.68% 7.38%
$460 $360
133 20
3.17% 4.23%
53.57 27.5

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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