Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $755,000, Annual capital growth 6.32%, Number of sales 66, Weekly median advertised rent $460

Maidstone Unit: Median price $550,000, Annual capital growth 4.55%, Number of sales 94, Weekly median advertised rent $430

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Maidstone, 3012 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.13%.

Across a shorter period, Maidstone, 3012 has seen a median price increase of 0.67% over the last quarter.

Property buyers and investors in Maidstone 3012 should be seeing an average reduction in asking price of around -8.25% . This means that Maidstone is holding prices well when compared to other suburbs in VIC.

Situated 8.36km from the CBD, Maidstone is one of Maribyrnong (C) localities in the postcode 3012.

Property value increases in Maidstone have tracked higher than the VIC average of 2.76% over the last 12 months.

Maidstone,3012 was ranked 102 in Australia by increase in median property value over the quarter.

Maidstone, 3012 is offering VIC ‘s 107th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

In the last year 94 properties changed hands in Maidstone, which puts it as the 66th most active market in VIC when comparing the number of sales per suburb.

Maidstone is 188th on a list of best yielding suburbs for rents in VIC with a 4.07% return

Metrics i HOUSE UNIT
$755,000 $550,000
0.67% 8.59%
-4.13% 18.92%
6.32% 4.55%
$460 $430
66 94
3.17% 4.07%
76.9677419354839 83.8928571428571

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 7749
Median household income ($/weekly) 1149
Median age of persons 32
Median housing loan repayment ($/monthly) 1903
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 753 9.7
    20-24 years 903 11.7
    25-34 years 1664 21.5
    35-44 years 1209 15.6
    45-54 years 831 10.7
    Others 2388 30.8
    Age Group
    Census Count Percent(%)
    Not Married 2821 51.5
    Registered Married 2162 39.5
    Defacto Relationship 494 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3506 49.6
    Croatia 298 4.2
    Indonesia 262 3.7
    Viet Nam 1178 16.7
    Other 651 9.2
    Others 1179 16.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 1111 16.5
    Christianity 3334 49.6
    Hinduism 189 2.8
    Islam 478 7.1
    No Religion 1512 22.5
    Others 93 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 246 10.6
    $800-$999 198 8.5
    $1,000-$1,249 219 9.4
    $1,500-$1,999 308 13.2
    $2,000-$2,499 215 9.2
    Others 1145 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2282 38.4
    Employed, worked full-time 2158 36.3
    Employed, worked part-time 936 15.8
    Unemployed, looking for work 340 5.7
    Employed, away from work 225 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 758 22.9
    Technicians & trades workers 387 11.7
    Community & personal service workers 346 10.4
    Clerical & administrative workers 503 15.2
    Sales 325 9.8
    Others 997 30.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 449 23.3
    Secondary 371 19.3
    Technical or Further Educational Institution 218 11.3
    University or other Tertiary Institutions 666 34.6
    Other type of educational institution 119 6.2
    Others 100 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4508 66.5
    Semi-detached, row or terrace house, townhouse 1664 24.5
    Flat, unit or apartment 593 8.7
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1057 42.3
    Being purchased 779 31.2
    Fully owned 645 25.8
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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