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Gisborne, VIC 3437

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Gisborne, VIC 3437 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Gisborne, VIC 3437”

  1. The total adult population (15 years or older) of Gisborne 3437 VIC is 7,785, with a median age of 39. Of those, 57.06% are married, 10.78% are divorced or separated, 27.90% are single and 4.23% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $10,592. The median monthly mortgage repayment for households in this suburb is $2,167 which is 20.46% of their earnings.

    Source: ABS Census Data (2021)

  2. Bounded by the verdant beauty that Victoria is renowned for, the suburb of Gisborne 3437 is home to approximately 4,862 households. Situated within a pulsating property market, the subrub is witness to a dynamic interplay of prices, rental rates, and socioeconomic conditions that can offer potential-rich opportunities to discerning property investors. As we delve into the property statistics for Q3 2023, it becomes evident that houses in this idyllic locale command prices averaging at $926,791. These homes are rented out at a median weekly rate of $567, fostering an indicative yield of a promising 3.18%.

    Gisborne’s socio-economic score, a reliable reflection of the area’s standard of living and residents’ access to economic resources, stands at a robust 1067 out of 1217. This metric underscores the presence of households with sustainable income levels and perhaps engaged in skilled professions.

    In an affirmative tone, the renter to owner ratio here is a mere 16%, indicating a majority of homeowners, often a marker of the suburb’s appeal and stability. Complementing this is the units to houses ratio sitting at a low 8%, reducing the competition amongst landlords for tenants and enhancing rental yields.

    However, the affordability index for houses leans towards the lower end of attractiveness at 34 years. This represents the estimated duration for a property to be fully owned and is a metric that potential buyers need to carefully consider.

    In terms of supply, the stock on market Percentage for houses is 0.52% while the inventory level teeters around 2.11 months. Though slightly above the ideal market conditions, it is not overwhelmingly so, leaving room for potential growth and investment. Simultaneously, the building approvals Ratio for houses stands at 2.4%, providing an indication of future supply of housing stock.

    The average days on market for houses extends up to 83 days, highlighting a somewhat reduced demand, although the market is still active and functioning. The Vacancy Rate, that includes both houses and units, is balanced at 2.46%, fitting comfortably within the neutral zone. Lastly, the buy search index at a score of 5, suggests that the interest in local properties aligns with state or city averages.

    In summary, while Gisborne 3437 presents a melange of favouring and opposing market indicators, it also underlines the essence of careful and comprehensive research when making property investment decisions. While some metrics may not perfectly fit within preferential parameters, majority do, offering a favourable overall investment profile. Further assistance comes in the form of HtAG Analytics’ RCS, which uses over 80 metrics to present an in-depth, automated research-based analysis. Stay alert to ensure that your investment pays off in the dynamic property market of Gisborne 3437.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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