New Gisborne

POSTAL CODE: VIC, 3438
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 0.69% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $881,000

The augmented property values in the suburb are trailing above the territorial average of 4.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in NEW GISBORNE usually have to wait an average of 65.5 days days before their assets are lifted off the market.

The VIC suburb ranks 202nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.84% return.

It also places places 295th in Australia based on median property value growth during the quarter.

Surburb overview

New Gisborne is a growing township in the Macedon Ranges region of central Victoria, about 48 kilometres north-west of the Melbourne CBD and immediately east of Gisborne. Situated within the Macedon Ranges Shire, the township has developed as a residential community that combines a regional lifestyle with convenient access to metropolitan Melbourne. The surrounding area features established neighbourhoods, open spaces and rural landscapes, while local businesses, education, healthcare and professional services contribute to the area's economy.

According to the 2021 Census, New Gisborne had a population of 6,821 people. The township has experienced sustained population growth in recent years, attracting families, professionals, retirees and commuters seeking modern residential amenities within the Macedon Ranges. The community reflects a diverse demographic profile supported by expanding housing developments and well-established local services.

New Gisborne is well connected by the Calder Freeway, providing direct road access to Melbourne, Bendigo and neighbouring townships throughout the Macedon Ranges. 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 provide additional connections between New Gisborne, Gisborne and surrounding communities.

Residents have access to a comprehensive range of essential amenities, including primary schools, childcare centres, medical clinics, pharmacies, supermarkets, cafés, restaurants, sporting facilities and community services. Retail businesses and professional services are available within the township and neighbouring Gisborne. In contrast, additional secondary education, specialist healthcare and government services are readily accessible in Gisborne, Sunbury, Kyneton and Melbourne.

Recreational opportunities include walking and cycling along local shared paths, enjoying neighbourhood parks and playgrounds, and participating in sporting clubs that cater for football, cricket, soccer, netball, tennis, and athletics. The nearby Macedon Regional Park, Mount Macedon and Hanging Rock Reserve provide opportunities for bushwalking, picnicking, wildlife observation and scenic exploration. Residents also enjoy easy access to wineries, farmers' markets and community festivals that showcase the food, wine and cultural attractions of the Macedon Ranges.

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