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City of Hume
Gisborne South

Gisborne South Property Market
& Suburb Profile

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MEDIAN PRICES IN GISBORNE SOUTH

Median house price

(all agencies, last 12 months)$1.7m*

House price change

(all agencies, last 12 months)+2.23%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

GISBORNE SOUTH PRICE TRACKER

Houses

GISBORNE SOUTH SALES OVERVIEW

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)151

Average held period in Gisborne South

(proptrack)7 years

GISBORNE SOUTH INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$787pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$518pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)2.89%

Average rental yield for Units

(all agencies, last 12 months)4.8%

Gisborne South total population size

(as at the last census)854

Median household size in Gisborne South

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

GISBORNE SOUTH PROPERTY TYPES

  • Houses 67%
  • Other 33%

OCCUPANCY IN GISBORNE SOUTH

  • Owned 93%
  • Rented 5%
  • Other/Not Stated 2%
  • Singles 11%
  • Families 86%
  • Other 0%

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ABOUT GISBORNE SOUTH

Gisborne South is a prestigious and tranquil rural-residential locality situated in the southern part of the Macedon Ranges, approximately 54 kilometres northwest of the Melbourne CBD.

As the closest township in the Macedon Ranges to metropolitan Melbourne, it offers an elite "tree-change" lifestyle defined by rolling hills, expansive acreages, and a strong connection to the region's agricultural and viticultural heritage. The suburb is predominantly composed of large scenic holdings, many of which serve as hobby farms, equestrian estates, or luxury private retreats.

The lifestyle in Gisborne South is characterized by privacy, space, and high-end rural pursuits. The area is well-known for its boutique vineyards and olive groves, including local landmarks like Gisborne Peak Winery and Pitruzzello Estate, which contribute to a sophisticated local dining and social culture. Residents enjoy a deep immersion in nature with frequent sightings of native wildlife and proximity to the scenic Deep Creek and Emu Creek valleys. As the suburb is located just outside the Melbourne Green Wedge, it lacks a central commercial "high street" by design, with residents traveling to the nearby township of Gisborne for comprehensive retail, medical, and banking services.

Education and community infrastructure are primarily accessed in the neighbouring Gisborne and New Gisborne hubs. Local families are served by a range of high-quality options, including the recently opened Willowbank Primary School and Gisborne Secondary College, which has undergone significant modernisation to include new trades and wellbeing facilities. The area is also home to unique independent educational settings like Global Village Learning. Connectivity is a major strength for a rural locality; the suburb is positioned along the Calder Freeway corridor, providing a straightforward commute to Melbourne or the airport, while rail travelers use the New Gisborne Station for V/Line services to the city or Bendigo.

From a property perspective, Gisborne South is an exclusive and tightly held market with one of the highest owner-occupation rates in the region, reaching approximately 93%. The housing stock consists almost entirely of substantial family homesteads on large allotments, typically ranging from 1 to 4 hectares (roughly 2.5 to 10 acres). Because the suburb is part of a protected landscape under the Macedon Ranges Statement of Planning Policy, residential development is strictly managed to preserve its semi-rural character. This ensures that the area remains a low-density sanctuary for professionals and families who value a quiet, country-style existence within a commutable distance of the city.

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SALES COMPARISON

Find out how Gisborne South median sales prices compare to neighbouring suburbs.

GISBORNE SOUTH MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
202510$861,2502.23%1$653pw3.84%
20247$842,500-2.32%1$638pw4.04%
20235$862,500-11.54%3$600pw3.74%
202211$975,00020.00%1$562pw3.46%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
202510$861,250+2.23%
20247$842,500-2.32%
20235$862,500-11.54%
202211$975,000+20.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
20251$653pw3.84%
20241$638pw4.04%
20233$600pw3.74%
20221$562pw3.46%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.