Get a property report and suburb profile for any property in Gisborne

Gisborne is a historic country town in the Macedon Ranges with a compact, walkable main street of cafes, boutique shops and community services set among tree-lined streets and larger rural properties. The centre mixes period cottages and heritage buildings with newer estates and lifestyle blocks, and nearby bushland on the slopes of Mount Macedon, creeks and a scattering of vineyards give plenty of options for outdoor recreation. Local schools, sports clubs and community groups contribute to a relaxed small-town rhythm, and the railway station on the Bendigo line makes the town accessible for commuters.

About 10,142 people live in Gisborne, with a median age of 39 and a median household income of $2,294 a week. The population is weighted towards couple families, and most homes are owner-occupied. The council’s Gisborne Futures Structure Plan sets a settlement boundary and a "twin villages" approach with a new town centre for New Gisborne, and local projects include expanded station parking, school upgrades, a regional sports precinct and a prioritised ambulance branch.

Buying looks more stretched than renting in Gisborne. The median house price of $1,115,000 is about 9.3 times a typical local household's annual income at the last Census, which sits well above local incomes. On the rental side, the average house rent of $673 a week would take about 29.4% of a typical local household's weekly income at the last Census, while unit rent of $480 a week is about 20.9%.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

On the unit side, Gisborne recorded a strong rise in unit values, up 11.1% over the past 12 months. Over the same year unit rents edged down 1.0%, a slight fall, while rents for houses rose 6.8%, a solid increase.

Put simply, the recent year shows notable capital growth for units while unit rental income eased and house rents strengthened. Which of those outcomes matters most to you will depend on whether you prioritise capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.