Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $665,000, Annual capital growth 8.40%, Number of sales 112, Weekly median advertised rent $395

Maidstone Unit: Median price $430,000, Annual capital growth 4.18%, Number of sales 68, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 5.14% for the last year, Maidstone, 3012 is the 1976th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Maidstone has given property investors a paper return of 0.76%. This puts Suburb as 458 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Maidstone is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 600th in terms of most discounted suburbs in VIC

Residents and property investors in Maidstone have been waiting around 61.17 days to sell a property.

The VIC suburb of Maidstone, 3012 is in the Maribyrnong local government area.

Investment property in Maidstone has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.47%

A 6.97% growth in median value for property investors in Maidstone,3012 puts this suburb at number 345th in terms of best performing suburbs in VIC

Property buyers and investors in Maidstone 3012 should be seeing an average reduction in asking price of around -3.62% . This means that Maidstone is holding prices well when compared to other suburbs in VIC.

In the last year 68 properties changed hands in Maidstone, which puts it as the 132th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Maidstone being $430000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.35%

HOUSE UNIT
$665,000 $430,000
0.76% -4.71%
5.14% -9.47%
8.40% 4.18%
$395 $360
112 68
3.09% 4.35%
61.17 78.22

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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Recent sales & rentals