Suburb Profile Report for Maffra VIC (3860)

Maffra House: Median price $255,000, Annual capital growth 2.72%, Number of sales 80, Weekly median advertised rent $278

Maffra Unit: Median price $216,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $230

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

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

  • House Report
  • Unit Report

With a capital gain of -1.54% for the last 12 months, Maffra, 3860 has performed for property investments than its average annual 2.72% property growth over the last 5 years.

Maffra,3860 has offered an average of -1.54% return per annum in house price rises to property investors over the last three years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Maffra itself are offering an average vendor discount of -5.30% to real estate investors.

With the median price for a house in Maffra being $255000 and the advertised rent reaching $277.5 the gross rental yield for property investors calculates out to be 5.66%

Property investors should expect to get $230 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$255,000 $216,000
2.00% N/A
-1.54% N/A
2.72% N/A
$278 $230
80 10
5.66% 5.54%
100.716981132075 N/A

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

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5113
Median household income ($/weekly) 889
Median age of persons 40
Median housing loan repayment ($/monthly) 1200
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 671 13.1
    25-34 years 565 11.1
    35-44 years 532 10.4
    45-54 years 651 12.7
    55-64 years 689 13.5
    Others 2005 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 1860 52.0
    Not Married 1375 38.5
    Defacto Relationship 341 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4471 93.0
    New Zealand 33 0.7
    Papua New Guinea 40 0.8
    United Kingdom 146 3.0
    Other 26 0.5
    Others 89 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 3319 72.1
    No Religion 1249 27.1
    Buddhism 26 0.6
    Other Religious Groups 7 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 10.5
    $400-$599 272 16.0
    $600-$799 206 12.1
    $800-$999 178 10.5
    $1,500-$1,999 190 11.2
    Others 672 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1604 41.6
    Employed, worked full-time 1250 32.4
    Employed, worked part-time 737 19.1
    Employed, away from work 151 3.9
    Unemployed, looking for work 116 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 262 12.3
    Professionals 315 14.8
    Technicians & trades workers 407 19.1
    Clerical & administrative workers 244 11.4
    Labourers 273 12.8
    Others 633 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 87 8.2
    Infants/Primary 397 37.3
    Secondary 389 36.6
    Technical or Further Educational Institution 106 10.0
    University or other Tertiary Institutions 73 6.9
    Others 11 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4419 95.5
    Semi-detached, row or terrace house, townhouse 29 0.6
    Flat, unit or apartment 152 3.3
    Improvised home, tent, sleepers out 6 0.1
    House or flat attached to a shop, office 18 0.4
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 765 40.2
    Being purchased 657 34.5
    Rented 468 24.6
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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