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 11.89%.
Over the longer term, Maribyrnong has seen property prices show investors a 36.43% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Maribyrnong is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 480th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Over the last year, property investments in Maribyrnong, 3032 have given investors a capital gain of 2.78%. This compares averagely with the 3.19% for VIC as a whole.
Comparing Maribyrnong,3032 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Maribyrnong 3032 should be seeing an average reduction in asking price of around -4.53% . This means that Maribyrnong is holding prices well when compared to other suburbs in VIC.
At number 988 in a list of fastest selling suburbs, Maribyrnong is in the bottom 40% of suburbs in Australia with an average of days on market 91.56 for properties listed there.
Situated 5.94km from the CBD, Maribyrnong is one of Maribyrnong localities in the postcode 3032.
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.