Suburb Profile Report for Maddingley VIC (3340)

Maddingley House: Median price $345,000, Annual capital growth 3.55%, Number of sales 61, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report

Investment property in Maddingley has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.55%

If we look at median property appreciation over just the last three months, Maddingley has given property investors a paper return of 2.07%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in VIC

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 Maddingley, 3340. Typically our figures indicate that -3.45% is being offered, which puts this VIC suburb at 3439th most discounted overall in Australia.

Residents and property investors in Maddingley have been waiting around 103.4 days to sell a property.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.55%, investors should hope to achieve an overall return of 5.12%

Metrics i HOUSE UNIT
$345,000 N/A
2.07% N/A
4.55% N/A
3.55% N/A
$340 N/A
61 N/A
5.12% N/A
103.4 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Maddingley VIC
Demographics
Total population 2393
Median household income ($/weekly) 1263
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 360 15.0
    25-34 years 352 14.7
    35-44 years 385 16.1
    45-54 years 271 11.3
    55-64 years 258 10.8
    Others 767 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 774 46.6
    Not Married 662 39.9
    Defacto Relationship 224 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1949 86.4
    New Zealand 17 0.8
    Papua New Guinea 36 1.6
    United Kingdom 108 4.8
    Other 35 1.6
    Others 112 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.4
    Christianity 1446 66.7
    Hinduism 17 0.8
    Other Religious Groups 10 0.5
    No Religion 675 31.1
    Others 11 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 72 9.7
    $1,000-$1,249 88 11.8
    $1,250-$1,499 76 10.2
    $1,500-$1,999 128 17.2
    $2,000-$2,499 74 9.9
    Others 306 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 701 40.0
    Not in the labour force 551 31.4
    Employed, worked part-time 360 20.5
    Employed, away from work 81 4.6
    Unemployed, looking for work 59 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 139 12.2
    Professionals 156 13.6
    Technicians & trades workers 213 18.6
    Community & personal service workers 129 11.3
    Clerical & administrative workers 174 15.2
    Others 333 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 40 7.1
    Infants/Primary 223 39.5
    Secondary 168 29.8
    Technical or Further Educational Institution 41 7.3
    University or other Tertiary Institutions 63 11.2
    Others 29 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2137 95.7
    Flat, unit or apartment 90 4.0
    Semi-detached, row or terrace house, townhouse 3 0.1
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 391 48.0
    Rented 219 26.9
    Fully owned 197 24.2
    Other tenure type 8 1.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals