Suburb Profile Report for Maiden Gully VIC (3551)

Maiden Gully House: Median price $452,000, Annual capital growth 5.38%, Number of sales 43, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

Maiden Gully has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.35% to date .

Across a shorter period, Maiden Gully, 3551 has seen a median price increase of 2.49% over the last quarter.

Vendor discounting in Maiden Gully is giving property investors an average Vendor Discount of around -7.70%. This puts suburb at number 118th in VIC when ranking the most discounted suburbs.

At number 3081 in a list of fastest selling suburbs, Maiden Gully is in the bottom 20% of suburbs in Australia with an average of days on market 116.64 for properties listed there.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 5.38%.

HOUSE UNIT
$452,000 N/A
2.49% N/A
6.35% N/A
5.38% N/A
$390 N/A
43 N/A
4.49% N/A
116.64 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4401
Median household income ($/weekly) 1552
Median age of persons 34
Median housing loan repayment ($/monthly) 1603
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 776 17.6
    25-34 years 512 11.6
    35-44 years 732 16.6
    45-54 years 639 14.5
    55-64 years 494 11.2
    Others 1250 28.4
    Age Group
    Census Count Percent(%)
    Registered Married 1890 62.3
    Not Married 845 27.9
    Defacto Relationship 299 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4129 96.0
    New Zealand 15 0.3
    Papua New Guinea 26 0.6
    United Kingdom 71 1.7
    Other 10 0.2
    Others 51 1.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.6
    Christianity 2889 70.4
    Hinduism 6 0.1
    Islam 4 0.1
    No Religion 1172 28.6
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 104 8.4
    $1,000-$1,249 133 10.8
    $1,250-$1,499 134 10.9
    $1,500-$1,999 238 19.3
    $2,000-$2,499 198 16.0
    Others 427 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1400 43.9
    Employed, worked part-time 815 25.6
    Not in the labour force 749 23.5
    Employed, away from work 150 4.7
    Unemployed, looking for work 72 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 285 12.1
    Professionals 410 17.4
    Technicians & trades workers 403 17.1
    Clerical & administrative workers 349 14.8
    Sales 273 11.6
    Others 640 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 113 9.0
    Infants/Primary 509 40.6
    Secondary 416 33.2
    Technical or Further Educational Institution 85 6.8
    University or other Tertiary Institutions 99 7.9
    Others 32 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4177 99.3
    Caravan, cabin, houseboat 18 0.4
    Flat, unit or apartment 9 0.2
    Semi-detached, row or terrace house, townhouse 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 812 60.1
    Fully owned 422 31.3
    Rented 109 8.1
    Other tenure type 7 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals