Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $687,500, Annual capital growth 8.56%, Number of sales 115, Weekly median advertised rent $390

Maidstone Unit: Median price $440,000, Annual capital growth 3.75%, Number of sales 71, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Maidstone, 3012 have given investors a capital gain of 9.13%. This compares averagely with the 8.27% for VIC as a whole.

Maidstone,3012 has offered an average of 9.13% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Maidstone are currently offering property investors an average price cut of -2.31% below the asking price at the moment.

In the last year 115 properties changed hands in Maidstone, which puts it as the 226th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $390 mark per week – giving a return of 2.95% based on the median price in Suburb

Maidstone is in the bottom 20% in VIC when comparing median price capital growth over the last year. Maidstone gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.37%.

If we look at median property appreciation over just the last three months, Maidstone has given property investors a paper return of -2.22%. This puts Suburb as 284 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Maidstone itself are offering an average vendor discount of -2.70% to real estate investors.

Maidstone is 176th on a list of best yielding suburbs for rents in VIC with a 4.25% return

Metrics i HOUSE UNIT
$687,500 $440,000
3.38% -2.22%
9.13% -7.37%
8.56% 3.75%
$390 $360
115 71
2.95% 4.25%
59.92 68.62

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 7749
Median household income ($/weekly) 1149
Median age of persons 32
Median housing loan repayment ($/monthly) 1903
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 753 9.7
    20-24 years 903 11.7
    25-34 years 1664 21.5
    35-44 years 1209 15.6
    45-54 years 831 10.7
    Others 2388 30.8
    Age Group
    Census Count Percent(%)
    Not Married 2821 51.5
    Registered Married 2162 39.5
    Defacto Relationship 494 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3506 49.6
    Croatia 298 4.2
    Indonesia 262 3.7
    Viet Nam 1178 16.7
    Other 651 9.2
    Others 1179 16.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 1111 16.5
    Christianity 3334 49.6
    Hinduism 189 2.8
    Islam 478 7.1
    No Religion 1512 22.5
    Others 93 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 246 10.6
    $800-$999 198 8.5
    $1,000-$1,249 219 9.4
    $1,500-$1,999 308 13.2
    $2,000-$2,499 215 9.2
    Others 1145 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2282 38.4
    Employed, worked full-time 2158 36.3
    Employed, worked part-time 936 15.8
    Unemployed, looking for work 340 5.7
    Employed, away from work 225 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 758 22.9
    Technicians & trades workers 387 11.7
    Community & personal service workers 346 10.4
    Clerical & administrative workers 503 15.2
    Sales 325 9.8
    Others 997 30.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 449 23.3
    Secondary 371 19.3
    Technical or Further Educational Institution 218 11.3
    University or other Tertiary Institutions 666 34.6
    Other type of educational institution 119 6.2
    Others 100 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4508 66.5
    Semi-detached, row or terrace house, townhouse 1664 24.5
    Flat, unit or apartment 593 8.7
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1057 42.3
    Being purchased 779 31.2
    Fully owned 645 25.8
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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