Suburb Profile Report for Maddington WA (6109)

Maddington House: Median price $280,000, Annual capital growth -0.77%, Number of sales 111, Weekly median advertised rent $310

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

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

  • Expert Report
  • House Report

Maddington is in the bottom 40% in WA when comparing median price capital growth over the last year. Maddington gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.08%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Maddington has fallen somewhat when compared to the 5 year average annual rate.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.00% offered to property buyers. Sellers in Maddington itself are offering an average vendor discount of -10.62% to real estate investors.

In the last year 111 properties changed hands in Maddington, which puts it as the 82th most active market in WA when comparing the number of sales per suburb.

Maddington, 6109’s gross rental yield is 5.76%

Information supplied by:


March 2019

M
O

W
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Excessive supply causes values to decline

Postcode: 6109

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.

Metrics i HOUSE UNIT
$280,000 N/A
-3.28% N/A
-5.08% N/A
-0.77% N/A
$310 N/A
111 N/A
5.76% N/A
85.6024096385542 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 9986
Median household income ($/weekly) 1095
Median age of persons 34
Median housing loan repayment ($/monthly) 1600
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1208 12.1
    25-34 years 1694 17.0
    35-44 years 1296 13.0
    45-54 years 1178 11.8
    55-64 years 1126 11.3
    Others 3484 34.9
    Age Group
    Census Count Percent(%)
    Not Married 3341 46.5
    Registered Married 3066 42.7
    Defacto Relationship 771 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5667 61.7
    Indonesia 366 4.0
    Papua New Guinea 317 3.4
    United Kingdom 870 9.5
    Other 759 8.3
    Others 1212 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 229 2.6
    Christianity 5442 62.1
    Hinduism 191 2.2
    Islam 556 6.3
    No Religion 2239 25.5
    Others 111 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 353 11.2
    $600-$799 327 10.4
    $1,000-$1,249 342 10.9
    $1,250-$1,499 324 10.3
    $1,500-$1,999 410 13.0
    Others 1388 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2844 38.8
    Not in the labour force 2734 37.3
    Employed, worked part-time 1139 15.6
    Unemployed, looking for work 330 4.5
    Employed, away from work 276 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 865 20.3
    Community & personal service workers 437 10.3
    Clerical & administrative workers 606 14.2
    Machinery operators & drivers 648 15.2
    Labourers 629 14.8
    Others 1076 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 128 6.7
    Infants/Primary 733 38.4
    Secondary 469 24.6
    Technical or Further Educational Institution 241 12.6
    University or other Tertiary Institutions 231 12.1
    Others 105 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8552 93.2
    Semi-detached, row or terrace house, townhouse 593 6.5
    Flat, unit or apartment 28 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1521 44.2
    Fully owned 979 28.5
    Rented 859 25.0
    Other tenure type 82 2.4
    Tenure Type
Census 2011, ABS
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