Gisborne
Suburb profile, market snapshot and recent listings for Gisborne, VIC 3437.
About Gisborne
Welcome to Gisborne
Gisborne sits on the edge of the Macedon Ranges, about 55 kilometres north-west of Melbourne's CBD, close enough for a daily commute but far enough to feel like proper hill-country living. Rolling paddocks, established gardens and a walkable town centre give it the feel of a country town that has grown up without losing its identity.
With a population of just over 10,000 and a median age of 39, Gisborne attracts a mix of young families upsizing from the outer suburbs, tree-changers, and commuters who want space, character housing and a strong sense of community without giving up easy access to the city.
Lifestyle & dining
Gisborne's main street has grown into a genuine local hub, with cafes, bakeries and independent restaurants that draw people in from surrounding towns as well as locals. There's a distinct village atmosphere, helped by the surrounding countryside and the nearby Macedon Ranges wine and food region, which makes weekend exploring a big part of life here. Neighbouring Macedon and New Gisborne add a couple more low-key dining and cafe options to the mix, so residents rarely need to head to Melbourne for a good meal out.
Getting around
Gisborne is well served by the regional train line into Melbourne's CBD, which is one of the suburb's biggest drawcards for commuters wanting acreage-style living without losing city access. The Calder Freeway runs close by, making the drive into town or out to Bendigo straightforward. Locally, most day-to-day errands, schools and the shopping strip are an easy walk or short drive from most residential streets, and New Gisborne's station and township are only minutes away for those who prefer a quieter commute starting point.
Schools & families
Families are well catered for, with Gisborne Primary School, St Brigid's School and Willowbank Primary School all providing local primary options, and Gisborne Secondary College covering secondary years within the town itself. Having this full run of schooling on the doorstep, rather than requiring a commute to Melbourne or another regional centre, is a big part of why so many families choose to settle here long-term.
Parks & recreation
The surrounding landscape is really the point of Gisborne — rolling hills, bushland reserves and walking trails are never far away, and the nearby Macedon Ranges offer bushwalking, wineries and cool-climate scenery for weekend outings. Locally, there are sporting ovals, recreation reserves and playgrounds dotted through town, giving families and outdoor-minded residents plenty of options without having to travel far.
Housing & architecture
Housing in Gisborne leans heavily towards standalone houses, which make up 67% of current listings, with land sales accounting for a further 28% as new estates continue to fill in around the older township. Apartments and units are scarce at just 3% of listings, and acreage or rural-zoned properties make up the remaining 2%, appealing to buyers after larger holdings on the town's fringe. Architecturally it's a mix of established weatherboard and brick-veneer homes in the older part of town, newer estate-style builds on the outskirts, and the occasional rural property backing onto farmland toward New Gisborne and Macedon.
The property market
Gisborne's median house price currently sits at $1.07 million, having grown 4.1% recently, a sign of steady rather than runaway demand from buyers priced out of Melbourne's inner and middle rings but still wanting commuter rail access. Units and apartments, though a small slice of the market, carry a median of $524,000, offering a more accessible entry point for downsizers or first-home buyers who don't need land. Renters can expect to pay around $700 a week for a typical property, reflecting solid demand from tenants drawn to the town's schools, train line and lifestyle, even as buying activity remains centred on the freestanding house-and-land market that so clearly dominates local listings.
Market snapshot
Gisborne property market
Median sale price
$1.07m
House · 4 bed
Median rent
$700
per week
Gross rental yield
3.4%
annual rent ÷ sale price
Typical price range
Entry
$753k
Median
$1.07m
Premium
$1.71m
Days on market
69
Auction clearance
38%
Sold this year
134
Median sold price trend · House 4 bed
Compound growth -1.3% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Gisborne by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Gisborne, VIC 3437.
Population
10,142
residents (2021)
Median age
39
years
Household income
$2,294
median, per week
Median rent
$423
per week
Median mortgage
$2,167
per month
Mortgage / income
22%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Gisborne
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Gisborne
$730k
15 Acacia Court
Sold ~July 2026
$1.02m
9 Cotton Circuit
Sold ~July 2026
$479k
Lot 1027/51 Dalk Drive
Sold ~July 2026
$1.42m
58 Heather Road
Sold ~July 2026
$1.68m
9 Welsh Road
Sold ~July 2026
$900k
92 Frith Road
Sold ~July 2026
$640k
4/49 Brantome Street
Sold ~July 2026
$795k
24 Hilltop Way
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Gisborne
Compare the area
Price map around Gisborne
Every listing for sale near Gisborne, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Gisborne suburb FAQ
What is the median property price in Gisborne?
The median house price in Gisborne, VIC is $1.07m for a 4-bedroom home. Over the past year, median sold prices have risen about 4.1%.
How much is rent in Gisborne?
The median weekly rent in Gisborne is around $700 per week.
Is Gisborne a good place to live?
Gisborne is a town in the Macedon Ranges, located about 54 kilometres (34 mi) north-west of Melbourne, Victoria, Australia. Gisborne is an established residential suburb in VIC, with a population of around 10,142 and 4 schools in the area.
What is the population of Gisborne?
Gisborne has a population of 10,142 (ABS 2021 Census), with a median age of 39.
What schools are in Gisborne?
There are 4 schools in or near Gisborne, including Gisborne Primary School, St Brigid's School and Willowbank Primary School.
How long do homes take to sell in Gisborne?
Properties in Gisborne take around 69 days to sell on average, with an auction clearance rate of about 38%.
How much do you need to buy in Gisborne?
Entry-level properties in Gisborne start around $753k, while premium homes reach $1.71m.
What suburbs are near Gisborne?
Suburbs near Gisborne include New Gisborne and Macedon.
Fresh to market
New this week in Gisborne
Discover a life that's a little bit charming
Old-World Township Beauty on 1,124m2 (Approx.)
Extraordinary Family Scale with Sparkling Pool
Quintessentially Gisborne - Land approx. 823m²
Available now
Properties in Gisborne
Mimosa Homes Proudly Presents the Saba 310
Attractive, large family home in a quiet New Gisborne court - 1258 square metre block
