Suburb Profile Report for Maidstone VIC (3012)

Maidstone House: Median price $745,000, Annual capital growth 6.24%, Number of sales 63, Weekly median advertised rent $450

Maidstone Unit: Median price $516,000, Annual capital growth 3.96%, Number of sales 93, Weekly median advertised rent $430

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

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

  • House Report
  • Unit Report

Property value increases in Maidstone have tracked just lower than the VIC average of -1.79% over the last 12 months.

Over the longer term, Maidstone has seen property prices show investors a 15.50% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -6.06% to buyers in Maidstone at the moment, which is less than average for the rest of VIC.

At number 1647 in a list of fastest selling suburbs, Maidstone is just in the top half of suburbs in Australia with an average of days on market 74.4 for properties listed there.

Maidstone, 3012’s gross rental yield is 3.14%

Investment property in Maidstone has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.18%

Over the longer term, Maidstone has seen property prices show investors a 9.21% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Maidstone, 3012. Typically our figures indicate that -6.08% is being offered, which puts this VIC suburb at 609th most discounted overall in Australia.

At number 338 in a list of fastest selling suburbs, Maidstone is in the TOP 30% of suburbs in Australia with an average of days on market 66.0185 for properties listed there.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.33%, without taking into account capital value appreciation, which has been averaging out at 3.96%.

Metrics i HOUSE UNIT
$745,000 $516,000
-0.33% 14.67%
-6.70% 8.18%
6.24% 3.96%
$450 $430
63 93
3.14% 4.33%
74.4 66.0185185185185

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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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