New Gisborne
Suburb profile, market snapshot and recent listings for New Gisborne, VIC 3438.
About New Gisborne
Welcome to New Gisborne
New Gisborne sits in the Macedon Ranges, about 50 kilometres north-west of Melbourne's CBD, just up the road from its larger sibling Gisborne and within easy reach of Macedon. It's a small, semi-rural community that trades traffic and density for space, big skies and a genuine sense of village life, while still keeping the city within commuting distance via the Calder Freeway and the regional rail line.
With a population of around 2,509 and a median age of 41, New Gisborne tends to attract families and professionals looking to upsize their block without leaving the Macedon Ranges lifestyle behind. It suits buyers after a quieter pace, larger allotments and a tight-knit community feel, rather than those chasing café culture on every corner.
Lifestyle & dining
Life in New Gisborne is understated by design. Locals tend to head into neighbouring Gisborne for the bulk of their cafés, pubs and restaurants, with New Gisborne itself offering a more residential, low-key feel built around its own small shops and community facilities. The surrounding Macedon Ranges landscape, with its cool climate and rural outlook, is very much part of the appeal, and weekend drives to Macedon or further into the wine and produce region are a regular part of local life.
Getting around
New Gisborne has its own railway station on the regional line, making it a practical option for commuters who want a semi-rural address without giving up a direct run into Melbourne. The Calder Freeway is close by, providing straightforward road access to the city and to Bendigo in the other direction, while Gisborne and Macedon are both a short drive away for extra services and connections.
Schools & families
Families are well catered for locally, with New Gisborne Primary School and Holy Cross Primary School both serving the area, alongside Global Village Learning for early years education. The presence of these schools within the suburb, rather than requiring a drive into a larger centre, is a drawcard for young families weighing up New Gisborne against other Macedon Ranges options.
Housing & architecture
The housing stock in New Gisborne leans strongly towards standalone houses, which make up 78% of current listings, with land listings at 18% reflecting ongoing opportunities to build on larger blocks. Apartments and units are scarce, at just 4% of listings, underlining the suburb's character as a house-and-land market rather than a medium-density one. Blocks here tend to be generous by metropolitan standards, and it's common to find homes with paddock outlooks or bush surrounds a short walk from the town centre.
The property market
New Gisborne's median house price currently sits at $958k, having grown 9.2% recently, a sign of steady demand for the semi-rural, commuter-friendly lifestyle the suburb offers. Median rent is $710 a week, reflecting the premium placed on larger homes and land in a tightly held market. With houses dominating listings and land sites still available for those wanting to build, the suburb offers both established homes and the chance to create something new, all within a market that continues to attract buyers priced out of, or simply uninterested in, larger Macedon Ranges centres.
Parks & recreation
Being surrounded by the Macedon Ranges gives New Gisborne easy access to bushland, walking tracks and open space without residents needing to travel far. It's the kind of area where outdoor recreation is woven into everyday life, whether that's a walk around town, a drive up to Mount Macedon, or simply enjoying a larger backyard than most Melbourne suburbs allow.
Market snapshot
New Gisborne property market
Median sale price
$958k
House · 4 bed
Median rent
$710
per week
Gross rental yield
3.9%
annual rent ÷ sale price
Typical price range
Entry
$792k
Median
$958k
Premium
$2.43m
Days on market
40
Auction clearance
0%
Sold this year
14
Median sold price trend · House 4 bed
Compound growth -5.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in New Gisborne by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for New Gisborne, VIC 3438.
Population
2,509
residents (2021)
Median age
41
years
Household income
$2,279
median, per week
Median rent
$451
per week
Median mortgage
$1,950
per month
Mortgage / income
20%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in New Gisborne
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in New Gisborne
$880k
25 Dalray Crescent
Sold ~July 2026
$1.09m
34 Hovea Grove
Sold ~July 2026
$750k
3 Angus Way
Sold ~July 2026
$1.25m
6 Cover Drive
Sold ~June 2026
$840k
8 Angus Way
Sold ~June 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 New Gisborne
Compare the area
Price map around New Gisborne
Every listing for sale near New Gisborne, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
New Gisborne suburb FAQ
What is the median property price in New Gisborne?
The median house price in New Gisborne, VIC is $958k for a 4-bedroom home. Over the past year, median sold prices have risen about 9.2%.
How much is rent in New Gisborne?
The median weekly rent in New Gisborne is around $710 per week.
Is New Gisborne a good place to live?
New Gisborne is a suburb of Gisborne in Victoria, Australia, in the foothills of Mount Macedon in the Shire of Macedon Ranges. New Gisborne is an established residential suburb in VIC, with a population of around 2,509 and 3 schools in the area.
What is the population of New Gisborne?
New Gisborne has a population of 2,509 (ABS 2021 Census), with a median age of 41.
What schools are in New Gisborne?
There are 3 schools in or near New Gisborne, including Global Village Learning, Holy Cross Primary School and New Gisborne Primary School.
How long do homes take to sell in New Gisborne?
Properties in New Gisborne take around 40 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in New Gisborne?
Entry-level properties in New Gisborne start around $792k, while premium homes reach $2.43m.
What suburbs are near New Gisborne?
Suburbs near New Gisborne include Gisborne and Macedon.
Available now
Properties in New Gisborne
Expressions of Interest closing Monday 29th June at 4:00pm
