VIC Why is Gisborne expensive ?

Discussion in 'Where to Buy' started by Drekko, 24th Mar, 2018.

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  1. Drekko

    Drekko Well-Known Member

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    31st Jan, 2018
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    Location:
    Melbourne
    Hi

    Not buying there just curious. Its a rural area but the median house price is around 650k-750k

    Is it just due to the blocks being very large?

    For example I couldnt find a smaller lot to compare my 2 houses but a 1134sqm one is only $400k

    and around where I am lots that are only 400-450k are that price

    cheers for any info to clarify
     
    Drekko, 24th Mar, 2018
    #1
  2. dave80

    dave80 Well-Known Member

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    melb
    good question, perhaps it's the Macedon effec eg; can't afford the ranges so move nearby ?
     
    dave80, 24th Mar, 2018
    #2
  3. willy1111

    willy1111 Well-Known Member

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    Melbourne
    Lots of nice trees, undulating mountain views from some spots, lots of ammentities. Just a nice overall feel.

    50km direct freeway access all the way to cbd.
     
    willy1111, 24th Mar, 2018
    #3
  4. Barny

    Barny Well-Known Member

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    Country rural lifestyle with an awesome community feel. Has everything in town that’s needed and easy access to freeways and commute to city or surrounds if required. Blocks are bigger for sure, gisborne is changing though as the population is expanding fast.
    Good household income earners aswell, I know many airline staff that live in the area for the easy travel/lifestyle.
     
    Barny, 24th Mar, 2018
    #4
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  5. Drekko

    Drekko Well-Known Member

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    Melbourne
    I think it's just huge blocks they are on as the main reason

    Comparing what land I can buy here and at Gisborne for say 400k :
    400sqm block here and 800 sqm block there
     
    Drekko, 24th Mar, 2018
    #5
  6. Essexboy

    Essexboy New Member

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    Location:
    Geelong
    Have you been there? It's a nice, well kept, town.
     
    Essexboy, 7th May, 2018
    #6
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