Payne RoadNew Gisborne VIC 3438
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Prime Commercial Investment Opportunity in Gisborne Business Park
Property Details for 1/118 Payne Rd, New Gisborne
About New Gisborne 3438
The size of New Gisborne is approximately 26.2 square kilometres. It has 8 parks covering nearly 3.2% of total area. The population of New Gisborne in 2016 was 2387 people. By 2021 the population was 2509 showing a population growth of 5.1% in the area during that time. The predominant age group in New Gisborne is 10-19 years. Households in New Gisborne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Gisborne work in a professional occupation.In 2021, 86.70% of the homes in New Gisborne were owner-occupied compared with 85.90% in 2016.
New Gisborne has 1,623 properties. Over the last 5 years, Houses in New Gisborne have seen a 18.87% increase in median value, while Units have seen a 13.03% increase. As at 30 November 2025:
- The median value for Houses in New Gisborne is $933,726 while the median value for Units is $567,412.
- Houses have a median rent of $650.
Suburb Insights for New Gisborne 3438
Market Insights
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Neighbourhood Insights
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