Gisborne South, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Gisborne South
VICCensus 2021 · Population 854
Gisborne South is a small rural community with a total population of 854 people. The median age is 46, which is notably higher than the Victorian average of 38, indicating a mature population. The suburb is predominantly composed of family households, making up 88.9% of all households. The area has a high median household weekly income of $2,799, significantly above the Victorian average of $1,759, reflecting a prosperous community. Housing is primarily owner-occupied, with 48.0% owned outright and 44.8% owned with a mortgage.
Key Highlights
- High income levels - median household weekly income is $2,799 (vs VIC $1,759)
- Low unemployment rate at 3.3% (vs VIC 5.0%)
- Predominantly owner-occupied housing - 92.8% owned
- Significant work-from-home population - 27.5% (vs VIC 25.7%)
- High percentage of separate houses - 100% (vs VIC 73.4%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport usage at 2.1%
- Low rental market presence at 4.7%
- Lower percentage of bachelor degree holders at 22.0% (vs VIC 29.2%)
- Limited diversity with 78.7% born in Australia
What's it like living here?
Daily life in Gisborne South is characterized by a strong sense of community and rural charm. With 51.2% of residents driving to work, the area is car-dependent, though a significant 27.5% work from home, which is slightly above the Victorian average. The community has a high proportion of professionals and managers, suggesting a well-educated and skilled workforce.