Maribyrnong has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.76% to date .
A 29.95% growth in median value for property investors in Maribyrnong,3032 puts this suburb at number 204th in terms of best performing suburbs in VIC
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 Maribyrnong, 3032. Typically our figures indicate that -4.96% is being offered, which puts this VIC suburb at 2307th most discounted overall in Australia.
In the last year 88 properties changed hands in Maribyrnong, which puts it as the 271th most active market in VIC when comparing the number of sales per suburb.
Situated 7.66km from the CBD, Maribyrnong is one of Maribyrnong (C) localities in the postcode 3032.
With a capital gain of 17.05% for the last 12 months, Maribyrnong, 3032 has performed for property investments than its average annual 1.64% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Maribyrnong has increased when compared to the 5 year average annual rate.
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 Maribyrnong, 3032. Typically our figures indicate that -6.21% is being offered, which puts this VIC suburb at 426th most discounted overall in Australia.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
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Selling points: Maribyrnong is surrounded by parklands and the Maribyrnong River; along with having a multicultural diversity of shops and restaurants. Don’t forget the bonus of being situated within 8km of the CBD.
Most sought after properties: Three-bedroom homes with a double lock-up garage in the early to mid $600,000 range, close to transport, and parklands.
Most common properties: Maribyrnong can be characterised into three different parts. The old established pocket (tightly held), which comprises both weather board and brick homes on large parcels of land; then the three different estates of double storey homes, such as Waterford Green, Riverbank Estate, and the most popular Edgewater.
Top amenities: Highpoint Shopping Centre (one of the biggest shopping malls in Victoria), which is being upgraded to comprise more car parking and a new set of trendy shops and cafes. The Maribyrnong Aquatic centre, Maribyrnong College and three primary schools are also close at hand.
Local industry and business: Highpoint Shopping Centre features more than 400 stores covering all major brands, along with a homemaker centre.
Recent changes: The $300 million development at Highpoint Shopping Centre will add an additional 30,000 square metres, making it one of the largest shopping centres in Australia on completion. The addition of the Edgewater Estate drove the prices of Maribyrnong upwards, and most of the expensive homes sold in Maribyrnong over the last three years have been from Edgewater.
Best streets: The best streets to buy in are the ones close to St Margaret’s Primary and Maribyrnong College. These include The Esplanade, Macedon St, Pridham St, and Kellaway Street.
Public transport: Tram 82 leads to Footscray train station and Moonee Ponds train station. Tram 57 leads to Elizabeth Street in the City. There are also bus routes that lead to the same destinations.
Main arteries: You have main roads such as Ballarat Rd and Dynon Rd that get you access to the Docklands and the Melbourne CBD.