Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $800,000, Annual capital growth 6.78%, Number of sales 100, Weekly median advertised rent $420

Maidstone Unit: Median price $450,000, Annual capital growth 2.83%, Number of sales 74, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Maidstone has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.56%

Taking the average capital gain, or increase in median house value, Maidstone,3012 has racked up an average of 13.56% over the period. This ranks it number 1019th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Maidstone 3012 should be seeing an average reduction in asking price of around -4.10% . This means that Maidstone is holding prices well when compared to other suburbs in VIC.

Maidstone, 3012’s gross rental yield is 2.73%

Property investors who have had real estate in Maidstone, 3012 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.00%

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

Vendor discounting in Maidstone is giving property investors an average Vendor Discount of around -4.17%. This puts suburb at number 185th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $380 mark per week – giving a return of 4.39% based on the median price in Suburb

Metrics i HOUSE UNIT
$800,000 $450,000
1.07% -12.62%
13.56% -10.00%
6.78% 2.83%
$420 $380
100 74
2.73% 4.39%
49.31 52.18

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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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Recent sales & rentals