AREA REPORTS

Gisborne

 

 

VIC/
Gisborne

Suburb Profile

Gisborne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3437

house
unit

GISBORNE, 3437 delivered a stronger 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 17.12% for the past year.

Investors saw the median home price rise to $771,250.

Profits due to an upward trend in home prices in the suburb averaged 13.45% per annum over a 3-year period.

GISBORNE now ranks at the 94th 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 $460 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 55.8 days.

In 2016, 131 properties were sold in GISBORNE during the past year, making it the 612th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $771,250 $502,000
GROWTH REPORT
Median Quarterly 4.08% 13.32%
Median 12 month 17.12% 12.81%
Median 3 years 40.35% 15.4%
Median 5 years 55.03% 46.78%
10 years average annual 8.21% 6.5%
Weekly media advert. rent $460 $360
Time on Market 55.8 days 48.5 days
Gross Rental Yield Percent 3.1% 3.73%
demographics (median values)
Total Population
6242
Weekly Household Income
1238
Household Size
2.90
demographics
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