Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $665,000, Annual capital growth 8.47%, Number of sales 109, Weekly median advertised rent $395

Maidstone Unit: Median price $426,500, Annual capital growth 4.33%, Number of sales 65, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.04% for the last 12 months, Maidstone, 3012 has performed for property investments than its average annual 8.47% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Maidstone,3012 has racked up an average of 8.04% over the period. This ranks it number 1205th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Maidstone, 3012. Typically our figures indicate that -2.57% is being offered, which puts this VIC suburb at 3669th most discounted overall in Australia.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

Property investors who have had real estate in Maidstone, 3012 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.59%

Comparing Maidstone,3012 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Maidstone3012 is located in VIC which offers an average discount of -5.12% to property investors. Maidstone itself is showing figures that indicate -3.65% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Maidstone being $426500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.39%

HOUSE UNIT
$665,000 $426,500
1.76% -7.28%
8.04% -10.59%
8.47% 4.33%
$395 $360
109 65
3.09% 4.39%
67.81 80.4

Source: CoreLogic

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