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.