Gisborne

POSTAL CODE: VIC, 3437
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GISBORNE, 3437 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling GISBORNE, 3437 values up and netting property investors a capital gain of 5.43% for the past year.

Investors saw the median home price rise to $970,000.

Profits due to an downward trend in home prices in the suburb averaged -1.63% per annum over a 3-year period.

GISBORNE now ranks at the 302nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GISBORNE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $680 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GISBORNE, homes and units usually stay on listing for an average of 80 days.

In 2016, 170 properties were sold in GISBORNE during the past year, making it the 525th most active market in VIC based on total real estate transactions.

Surburb overview

Gisborne is a township in the Macedon Ranges region of central Victoria, about 54 kilometres north-west of the Melbourne CBD. Situated within the Macedon Ranges Shire, Gisborne is one of the region's largest urban centres and serves as a key residential, commercial and service hub. The township combines a historic country character with contemporary residential growth, while local businesses, education, healthcare, tourism and professional services support a diverse economy alongside surrounding agricultural and viticultural enterprises.

According to the 2021 Census, Gisborne had a population of 9,849 people. The township has experienced sustained growth over recent decades, attracting families, professionals, retirees and commuters seeking a regional lifestyle with convenient access to Melbourne. Its well-established neighbourhoods, expanding residential developments and active community contribute to a diverse demographic profile.

Gisborne is well connected by the Calder Freeway, providing direct road access to Melbourne, Bendigo and neighbouring Macedon Ranges townships. Gisborne Railway Station serves the township on the V/Line Bendigo line, which offers regular rail services to Melbourne's Southern Cross Station, Bendigo, and other regional destinations. Local bus services also connect residential areas with nearby communities and transport hubs.

As a major service centre within the Macedon Ranges, Gisborne offers a comprehensive range of essential amenities, including primary and secondary schools, childcare centres, medical clinics, pharmacies, supermarkets, cafés, restaurants, retail businesses, aged care services, a library, community facilities and sporting reserves. Residents also have access to government services, professional offices and a wide range of health services, while larger tertiary hospitals and universities are accessible in Melbourne and nearby regional centres.

Recreational opportunities include walking and cycling along Jacksons Creek and the Gisborne Botanic Gardens, enjoying local parks, playgrounds and sporting facilities, and participating in clubs for football, cricket, soccer, tennis, netball and athletics. The nearby Macedon Regional Park, Mount Macedon and Hanging Rock Reserve provide opportunities for bushwalking, picnicking, wildlife observation and nature photography. Regular community festivals, farmers' markets, art exhibitions and cultural events contribute to Gisborne's active community life throughout the year.

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