New Gisborne (postcode 3438) is a compact suburb in Victoria within the Macedon Ranges local government area. It is home to about 2,509 residents, with an established family demographic and a median age of 41. Households earn a median income of $119K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
New Gisborne has a median house price of $835,000, which has eased back by 1.8% year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,950.
New Gisborne is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1062, which is above the national average of 1,000. Public transport access includes 9 rail stations, 12 bus stops. The crime rate in the Macedon Ranges LGA is moderate at 5,037 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.6% (moderate yield). Property prices are near the state median ($835K/$850K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved -1.8% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.