Suburb Profile Report for Maffra VIC (3860)

Maffra House: Median price $236,000, Annual capital growth 3.19%, Number of sales 87, Weekly median advertised rent $248

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Maffra, 3860 have given investors a capital gain of 4.42%. This compares badly with the 8.13% for VIC as a whole.

Maffra,3860 was ranked 3132 in Australia by increase in median property value over the quarter.

The most recent median price for Maffra is $236000, with sellers offering an average of -5.75% off the asking price.

A $247.5 per week rent on the median house gives suburb investors a gross yield of circa 5.45%, without taking into account capital value appreciation, which has been averaging out at 3.19%.

HOUSE UNIT
$236,000 N/A
-1.67% N/A
4.42% N/A
3.19% N/A
$248 N/A
87 N/A
5.45% N/A
103.18 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