Suburb Profile Report for Maffra VIC (3860)

Maffra House: Median price $249,500, Annual capital growth 3.84%, Number of sales 89, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Maffra, 3860 should be relatively pleased 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 8.48%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Maffra has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Maffra should be aiming for at least -5.02% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Maffra the average time real estate has been on the market is 100.91 days.

HOUSE UNIT
$249,500 N/A
3.96% N/A
8.48% N/A
3.84% N/A
$240 N/A
89 N/A
5.00% N/A
100.91 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 5113
Median household income ($/weekly) 889
Median age of persons 40
Median housing loan repayment ($/monthly) 1200
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 671 13.1
    25-34 years 565 11.1
    35-44 years 532 10.4
    45-54 years 651 12.7
    55-64 years 689 13.5
    Others 2005 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 1860 52.0
    Not Married 1375 38.5
    Defacto Relationship 341 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4471 93.0
    New Zealand 33 0.7
    Papua New Guinea 40 0.8
    United Kingdom 146 3.0
    Other 26 0.5
    Others 89 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 3319 72.1
    No Religion 1249 27.1
    Buddhism 26 0.6
    Other Religious Groups 7 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 10.5
    $400-$599 272 16.0
    $600-$799 206 12.1
    $800-$999 178 10.5
    $1,500-$1,999 190 11.2
    Others 672 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1604 41.6
    Employed, worked full-time 1250 32.4
    Employed, worked part-time 737 19.1
    Employed, away from work 151 3.9
    Unemployed, looking for work 116 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 262 12.3
    Professionals 315 14.8
    Technicians & trades workers 407 19.1
    Clerical & administrative workers 244 11.4
    Labourers 273 12.8
    Others 633 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 87 8.2
    Infants/Primary 397 37.3
    Secondary 389 36.6
    Technical or Further Educational Institution 106 10.0
    University or other Tertiary Institutions 73 6.9
    Others 11 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4419 95.5
    Semi-detached, row or terrace house, townhouse 29 0.6
    Flat, unit or apartment 152 3.3
    Improvised home, tent, sleepers out 6 0.1
    House or flat attached to a shop, office 18 0.4
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 765 40.2
    Being purchased 657 34.5
    Rented 468 24.6
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals