The Gisborne median house price currently sits at $928,000, based on sales recorded in the April to June 2025 quarter, according to DataVic/REIV data. That figure represents a quarterly fall of 5.4% and a year-on-year decline of 12.9%, signalling a meaningful shift in market conditions that buyers, sellers and investors need to understand before acting.

What Is the Gisborne Median House Price Right Now?

According to DataVic/REIV data covering the April to June 2025 quarter, the key median sale prices across Gisborne’s property types are:

• Houses: $928,000 (QoQ: -5.4% | YoY: -12.9%)
• Units: $610,000 (QoQ: +6.1% | YoY: +9.9%)
• Land: $477,000 (QoQ: +4.3% | YoY: +12.3%)

The divergence between asset classes is striking. While the house median has softened considerably, both units and land have moved in the opposite direction. Units have gained 9.9% year-on-year and land has surged 12.3% over the same period. For buyers and investors, this split tells an important story about where value is currently sitting in the Gisborne market.

How Does Gisborne Compare to Inner-Melbourne Suburbs?

Gisborne is a semi-rural township in the Macedon Ranges, roughly 50 kilometres north-west of Melbourne’s CBD. Its median house price of $928,000 positions it as a premium regional lifestyle market. For context, inner-north suburbs tracked by Collings Real Estate tell a different story. The median house price in Northcote and other inner-ring suburbs tends to reflect Melbourne’s urban density premium, whereas Gisborne buyers are typically paying for acreage, space and lifestyle amenity rather than proximity to the city.

What Do the Numbers Tell Us About the Gisborne Property Market?

A 12.9% year-on-year fall in the house median is significant but needs to be read in context. Gisborne experienced a sharp price acceleration during 2020 to 2022 as lifestyle migration drove regional demand to record highs. The current correction is, in part, a normalisation from those elevated pandemic-era peaks.

Who Lives in Gisborne?

Understanding the local demographic profile helps explain buyer behaviour and demand drivers. According to ABS Census 2021 data, Gisborne has:

• Population: 10,142 residents
• Median age: 39.0 years
• Median household income: $2,294 per week
• Median rent: $423 per week

A median household income of $2,294 per week places Gisborne residents comfortably above the Victorian average, which the ABS Census 2021 recorded at approximately $1,759 per week statewide. This relatively affluent demographic profile supports demand for quality housing, even as interest rate pressures have weighed on borrowing capacity and headline prices.

What Is Driving the Land and Unit Recovery?

The 12.3% year-on-year rise in land values to a median of $477,000 suggests that developers and owner-builders remain active in Gisborne, attracted by the suburb’s lifestyle credentials, good schools and access to the Calder Freeway. The unit segment’s 9.9% annual gain to $610,000 reflects growing demand for lower-maintenance property among downsizers and first-home buyers seeking an entry point into Gisborne’s tightly held community.

For investors, the median weekly rent of $423 per week recorded at the 2021 Census provides a baseline, though current market rents across the Macedon Ranges are tracking higher in 2025 and 2026 as rental vacancy rates remain extremely tight regionally. SQM Research data consistently shows vacancy rates below 1.5% for many regional Victorian towns in this bracket.

What Are the Key Considerations When Buying, Selling or Investing in Gisborne?

Buying in Gisborne

Buying in Gisborne in 2026 means navigating a market where house prices have pulled back from their 2022 peaks but where well-presented family homes on quality blocks still attract competitive interest. Key considerations include:

• The Macedon Ranges Shire planning controls, which can restrict subdivision and development potential
• Bushfire Overlay designations that apply to certain Gisborne properties and affect insurance, construction costs and lending
• Proximity to Gisborne Primary School, Gisborne Secondary College and childcare infrastructure, which heavily influence family buyer demand
• Connectivity via the V/Line Bendigo train line, with Gisborne Station providing access to Melbourne’s CBD in approximately 60 minutes

Selling in Gisborne

Selling in Gisborne in the current climate requires a sharp pricing strategy. With the house median down 5.4% quarter-on-quarter, vendors who anchor to peak 2022 price expectations risk extended days on market. CoreLogic data consistently shows that properties priced at or just below the prevailing median sell faster and achieve stronger competition at auction. An accurate, data-driven appraisal is the essential first step.

Investing in Gisborne

Investing in Gisborne presents an interesting case for the patient capital investor. Land values are growing strongly (+12.3% YoY), the unit market is recovering (+9.9% YoY) and the demographic profile, anchored by a median age of 39 and high household incomes, supports long-term rental demand. Investors comparing regional lifestyle markets with inner-suburban options such as the median house price in Reservoir will find different risk-return profiles across each location, so matching strategy to suburb fundamentals is critical.

How Does Collings Real Estate Help Buyers, Sellers and Investors in Gisborne?

Collings Real Estate brings decades of experience across the Melbourne and greater Victoria property market. Whether you are selling a family home in Gisborne, buying your first property in the Macedon Ranges or building a regional investment portfolio, the Collings team combines genuine local market knowledge with a data-driven approach grounded in real transaction evidence.

Free Property Appraisal

The most valuable first step for any property owner in Gisborne is understanding what their home is worth in the current market, not in 2022. Collings offers a free, no-obligation property appraisal backed by the latest DataVic/REIV sales data, comparable transaction analysis and on-the-ground expertise. To request yours, contact the Collings team directly.

Off-Market and Pre-Market Opportunities

Not every quality Gisborne property reaches the public portals. Collings operates a private buyer portal that connects registered buyers with off-market and pre-market listings before they are advertised. You can sign up to the Collings off-market portal to gain early access to properties across Gisborne and the broader Macedon Ranges region.

Buyers researching across multiple Victorian suburbs may also find it useful to review Collings’ comparable suburb data. For instance, understanding the median house price in Brunswick alongside Gisborne’s figures helps investors make informed trade-off decisions between urban density and regional lifestyle markets.

Contact Collings Real Estate

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Address: 230 Waterdale Road, Ivanhoe, VIC 3079

Frequently Asked Questions About Gisborne Property Prices

What is the median house price in Gisborne in 2025?

According to DataVic/REIV data for the April to June 2025 quarter, the median house price in Gisborne is $928,000. This is down 5.4% from the previous quarter and 12.9% compared to the same quarter in 2024.

Are Gisborne property prices rising or falling?

House prices in Gisborne have fallen year-on-year, with the median dropping 12.9% to $928,000 in the April to June 2025 quarter. However, land values have risen 12.3% and unit prices have grown 9.9% over the same period, according to DataVic/REIV figures, reflecting a more nuanced market picture.

What is the median unit price in Gisborne?

The median unit price in Gisborne is $610,000 for the April to June 2025 quarter, representing a quarterly rise of 6.1% and a year-on-year increase of 9.9%, based on DataVic/REIV data.

What is the median land price in Gisborne?

Gisborne’s median land price is $477,000 for the April to June 2025 quarter, up 4.3% for the quarter and 12.3% year-on-year, according to DataVic/REIV data.

What is the population and demographic profile of Gisborne?

According to ABS Census 2021 data, Gisborne has a population of 10,142, a median age of 39.0 years, a median household income of $2,294 per week and a median rent of $423 per week.

If you are ready to take the next step in the Gisborne property market, whether buying, selling or investing, request a free property appraisal from Collings Real Estate today. Call 03 9486 2000, email info@collings.com.au or visit us at 230 Waterdale Road, Ivanhoe, VIC 3079.