Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $721,500, Annual capital growth 8.27%, Number of sales 105, Weekly median advertised rent $400

Maidstone Unit: Median price $501,000, Annual capital growth 4.07%, Number of sales 81, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Maidstone, 3012 ranked 248th in VIC when comparing growth in median property values or capital gain over the last 12 months. Maidstone is one of 2098 in our list for VIC

Across a shorter period, Maidstone, 3012 has seen a median price increase of 3.96% over the last quarter.

Property buyers and investors in Maidstone 3012 should be seeing an average reduction in asking price of around -2.88% . This means that Maidstone is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $400 mark per week – giving a return of 2.88% based on the median price in Suburb

Property investors who have had real estate in Maidstone, 3012 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.59%

Taking the average capital gain, or increase in median house value, Maidstone,3012 has racked up an average of 4.59% over the period. This ranks it number 725th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Maidstone 3012 should be seeing an average reduction in asking price of around -1.31% . This means that Maidstone is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Maidstone have been waiting around 63.21 days to sell a property.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 4.07%.

Metrics i HOUSE UNIT
$721,500 $501,000
3.96% 2.24%
13.71% 4.59%
8.27% 4.07%
$400 $360
105 81
2.88% 3.74%
62.69 63.21

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Maidstone VIC
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
Chart Table
Recent sales & rentals