WA has seen average median house prices change by -2.74% which means that Maddington, 6109 has not done well for property investors by showing a capital gain of -1.01% over the last year
Comparing Maddington,6109 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Maddington are currently offering property investors an average price cut of -9.32% below the asking price at the moment.
On average over the past year, suburb has had 9.58 sales per month, which equates to 115 per year.
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Excessive supply causes values to decline
Median house price: $299,500
Stock on market: 9.8%
12-month growth: -7.7%
An affordable suburb in a reasonable location, Maddington is an excellent option for Perth buyers on a budget.
Housing stock rose from 165 to 185 in the 12 months to December 2018. Without demand to offset the available supply, values continued to fall by 7.7% over the same period, with the median price now at under $300,000. Nonetheless, the December 2018 quarter showed some recovery.
This mixed-use suburb combines residential pockets with retail, industrial and semi-rural areas. In fact, Maddington still maintains many vineyards and orchards that harken back to its past as an agricultural hub. Maddington Central serves as the suburb’s main shopping district, containing a Coles supermarket, Woolworths and other conveniences. A train station has been established here as a public transport option to Perth, 20km away, as a result of developmental planning.