Over the last year, property investments in Maribyrnong, 3032 have given investors a capital gain of -5.71%. This compares badly with the -1.79% for VIC as a whole.
The five-year average increase in median property values for Maribyrnong,3032 has given property investors a potential capital gain of 25.60% across each of those five years.
Sellers are offering property buyers an average discount of -7.00% to buyers in Maribyrnong at the moment, which is less than average for the rest of VIC.
At number 2096 in a list of fastest selling suburbs, Maribyrnong is just in the bottom half of suburbs in Australia with an average of days on market 82.7213 for properties listed there.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.87%, without taking into account capital value appreciation, which has been averaging out at 5.26%.
Over the last year, property investments in Maribyrnong, 3032 have given investors a capital gain of 5.97%. This compares favourably with the 0.68% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Maribyrnong comes in at number 246th in VIC.
Maribyrnong, 3032 is offering VIC ‘s 181th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
In the last year 109 properties changed hands in Maribyrnong, which puts it as the 51th most active market in VIC when comparing the number of sales per suburb.
Maribyrnong is 145th on a list of best yielding suburbs for rents in VIC with a 4.34% return
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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.