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New Gisborne suburb profile

New Gisborne sits at the southern edge of the Macedon Ranges, a semi-rural village that blends tree-lined streets and paddocks with a strong local feel. Housing ranges from older weatherboard cottages and modest Victorian-era homes to modern family houses and larger lifestyle blocks, so properties often have gardens and space. The suburb has a small local centre and is within easy reach of Gisborne's shops and cafes, while a nearby regional train station provides regular services for commuters. Residents value the easy access to bushland reserves and walking tracks in the foothills, making it favoured by families and people seeking a quieter, country-flavoured lifestyle with urban links.

New Gisborne property market performance

Like many smaller suburbs, New Gisborne sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. House values rose a slight 1.7% over the last 12 months.

Over the past three months eight houses were sold, and houses sold in a median of 49 days.

The rental market in New Gisborne saw average house rents of $650 a week, up a solid 6.6% over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
1.7%N/A
Sold
Past 3 months
8N/A
Median days on market
Past 12 months
49N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
6.6%N/A

5 year median price trend for houses and units

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New Gisborne demographics

New Gisborne is home to 2,509 people, with a median age of 41 and a typical household income of $2,279 a week, roughly $118,500 a year.

Families dominate the household mix: couple families with children are the largest group at 54.6%, couple families without children make up 33.8%, one-parent families account for 10.7% and other families 0.9%.

In New Gisborne, owner-occupation is predominant — about nine in ten homes are owner-occupied (40.5% owned outright and 48.7% owned with a mortgage), while 10.9% of dwellings are rented.

Suburbs near New Gisborne

Some popular suburbs near New Gisborne include:

  • Gisborne: Established township in the Macedon Ranges with a relaxed village centre and tree-lined streets.
  • Macedon: Township at the foot of Mount Macedon, surrounded by bushland and walking tracks.
  • Riddells Creek: Semi-rural town with creekside reserves, walking paths and a friendly community feel.
  • Mount Macedon: Elevated, forested locality known for scenic lookouts, gardens and bushwalking trails.
  • Bullengarook: Rural locality of rolling farmland and bushland, with a quiet country atmosphere.

How does New Gisborne compare to nearby suburbs?

  • Median house prices: New Gisborne’s median house price is 9.6% lower than Gisborne’s.
  • House price growth: Over the past 12 months, house prices in New Gisborne have grown 1.7% higher than in Gisborne.
  • Selling speed for houses: Properties in New Gisborne are selling 15.5% faster than in Gisborne.

Choose the right real estate agents in New Gisborne

There are 28 real estate agents in New Gisborne, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 50.9% of all sales in the past year.

Commission rates in New Gisborne typically range from 2.21% to 2.5%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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