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New Gisborne, VIC 3438
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$880,000
market range $850K-$1.0M
Median Unit
$550,000
list-price estimate
Gross Yield (houses)
3.8%
1yr Growth (houses)
+0.5%
market range -2.5% to +10.0%
Investment snapshot for New Gisborne
New Gisborne has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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New Gisborne market and investor summary
In New Gisborne, VIC 3438, the median house sells for around $880K, on a gross rental yield of 3.8% for houses. House prices have moved +0.5% over the past year and +3.6% over three years. At 3.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet.
Living in New Gisborne: people, income and schools
New Gisborne has a resident population of roughly 2,509, and the area has been growing steadily, up about 12% over five years. At a median age of 41, it reads as skewed a little older, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $119,000 a year (about $2,280 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 7.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 6 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. New Gisborne sits about 51 km from the CBD. It is fairly car-dependent; the suburb scores 2 for walkability and 43 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,509
- +12% over 5yr
- Median age
- 41 years
- Median household income
- $119,000/yr
- Households renting
- 11%
- Family households
- 82%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 6
- avg ICSEA 1067
- Unemployment
- 1.3%
- Distance to CBD
- 51 km
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in New Gisborne
No properties currently listed in New Gisborne
Search New Gisborne listings →Frequently asked questions about New Gisborne
What should I check before investing in New Gisborne?
New Gisborne has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in New Gisborne?
The median property price in New Gisborne, VIC 3438 is $880K for houses.
What rental yield does New Gisborne show?
The gross rental yield in New Gisborne is 3.8% for houses. 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 New Gisborne?
House prices in New Gisborne are up 0.5% over the past year and up 3.6% over three years. 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 New Gisborne?
The current vacancy rate in New Gisborne is 3.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in New Gisborne?
New Gisborne has a population of approximately 2,509 residents, with a median age of 41.
What schools are near New Gisborne?
There are 6 schools within roughly 5km of New 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 New Gisborne affordable to buy in?
A median house in New Gisborne costs about 7.4 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 New Gisborne's population growing?
The population of New 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 New Gisborne from the CBD?
New Gisborne is about 51 km from the CBD.
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