If you compare the increase in value of investment property in Maribyrnong, 3032 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.61%.
The five-year average increase in median property values for Maribyrnong,3032 has given property investors a potential capital gain of 37.77% across each of those five years.
Maribyrnong, 3032 is offering VIC ‘s 557th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
On average over the past year, suburb has had 11.92 sales per month, which equates to 143 per year.
Situated 7.60km from the CBD, Maribyrnong is one of Maribyrnong localities in the postcode 3032.
If you compare the increase in value of investment property in Maribyrnong, 3032 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.56%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Maribyrnong has increased when compared to the 5 year average annual rate.
The most recent median price for Maribyrnong is $455000, with sellers offering an average of -4.07% off the asking price.
Maribyrnong is 177th on a list of best yielding suburbs for rents in VIC with a 4.26% return
Just 8km to Melbourne's north-west on the banks of the Maribyrnong River, this suburb is characterised by parklands and a leafy outlook. it is known for its multicultural demography and diverse range of shops and restaurants.
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Three-bedroom homes that are close to parks and public transport are the most sought after in Maribyrnong; especially those with lock-up garages for close to $600,000.
Large, established homes on big land parcels are tightly held and hard to get a piece of, but new estates have been popping up recently, making double-storey homes quite accessible.
A massive development at Highpoint Shopping Centre is adding value and employment to the suburb and will feature more than 400 stores.
Other notable amenities are the aquatic centre, a college and three primary schools.Full summary
Selling points: Maribyrnong is surrounded by parklands and the Maribyrnong River; along with having a multicultural diversity of shops and restaurants. Don’t forget the bonus of being situated within 8km of the CBD.
Most sought after properties: Three-bedroom homes with a double lock-up garage in the early to mid $600,000 range, close to transport, and parklands.
Most common properties: Maribyrnong can be characterised into three different parts. The old established pocket (tightly held), which comprises both weather board and brick homes on large parcels of land; then the three different estates of double storey homes, such as Waterford Green, Riverbank Estate, and the most popular Edgewater.
Top amenities: Highpoint Shopping Centre (one of the biggest shopping malls in Victoria), which is being upgraded to comprise more car parking and a new set of trendy shops and cafes. The Maribyrnong Aquatic centre, Maribyrnong College and three primary schools are also close at hand.
Local industry and business: Highpoint Shopping Centre features more than 400 stores covering all major brands, along with a homemaker centre.
Recent changes: The $300 million development at Highpoint Shopping Centre will add an additional 30,000 square metres, making it one of the largest shopping centres in Australia on completion. The addition of the Edgewater Estate drove the prices of Maribyrnong upwards, and most of the expensive homes sold in Maribyrnong over the last three years have been from Edgewater.
Best streets: The best streets to buy in are the ones close to St Margaret’s Primary and Maribyrnong College. These include The Esplanade, Macedon St, Pridham St, and Kellaway Street.
Public transport: Tram 82 leads to Footscray train station and Moonee Ponds train station. Tram 57 leads to Elizabeth Street in the City. There are also bus routes that lead to the same destinations.
Main arteries: You have main roads such as Ballarat Rd and Dynon Rd that get you access to the Docklands and the Melbourne CBD.