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Gisborne, VIC 3437
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,000,000
market range $900K-$1.3M
Median Unit
$555,000
market range $525K-$600K
Gross Yield (units)
4.7%
1yr Growth (houses)
-0.2%
market range -5.0% to +22.5%
Investment snapshot for Gisborne
Gisborne has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gisborne market and investor summary
Gisborne (VIC 3437) runs a median house price of $1M. House prices have moved -0.2% over the past year. At 1.6% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Gisborne: people, income and schools
Gisborne has a resident population of roughly 10,142, and the area has been growing steadily, up about 12% over five years. The median age is 39, broadly working-age, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $119,000 a year, or roughly $2,290 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 7 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 49 km from the CBD. It is fairly car-dependent; the suburb scores 19 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 10,142
- +12% over 5yr
- Median age
- 39 years
- Median household income
- $119,000/yr
- Households renting
- 16%
- Family households
- 81%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 7
- avg ICSEA 1037
- Unemployment
- 1.3%
- Distance to CBD
- 49 km
- Walk score
- 19/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gisborne
No properties currently listed in Gisborne
Search Gisborne listings →Frequently asked questions about Gisborne
What should I check before investing in Gisborne?
Gisborne has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gisborne?
The median property price in Gisborne, VIC 3437 is $1M for houses and $555K for units.
What rental yield does Gisborne show?
The gross rental yield in Gisborne is 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Gisborne?
House prices in Gisborne are down 0.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Gisborne?
The current vacancy rate in Gisborne is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Gisborne?
Gisborne has a population of approximately 10,142 residents, with a median age of 39.
What schools are near Gisborne?
There are 7 schools within roughly 5km of Gisborne. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gisborne affordable to buy in?
A median house in Gisborne costs about 8.4 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Gisborne's population growing?
The population of Gisborne has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Gisborne from the CBD?
Gisborne is about 49 km from the CBD.
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