Maidstone

POSTAL CODE: VIC, 3012

HOUSE

UNIT

Property investors have seen a 0.58% gain in MAIDSTONE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains MAIDSTONE, 3012 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $870,000

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in MAIDSTONE, 3012.

This means, real estate investors could earn a rental income of $610 based on current median home prices for the suburb.

The gross rental yield in MAIDSTONE, 3012 is 3.65%.

An average of 7.92 real estate transactions take place per month in MAIDSTONE which translates to 95 per annum.

Property investments in MAIDSTONE did not fare well against the rest of the country last year, registering a median home price decrease of -2%.

Figures from the previous quarter show that capital gains for real estate buyers in MAIDSTONE are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MAIDSTONE, 3012 saw average decrease in the long term.

This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MAIDSTONE, homes and units usually stay on listing for an average of 70.8 days.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $612,500

Investors saw the median home price rise to $612,500.

MAIDSTONE ranks 156th on the list of best yielding suburbs for rental properties in VIC, posting a 4.67% return.

Surburb overview

Maidstone, postcode 3012, is an inner suburb located approximately 8 kilometres north-west of Melbourne's Central Business District (CBD). According to the 2021 census, it has a population of 9,389 residents. The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 32. Most of the population comprises couples with children, reflecting a family-friendly environment.

Public transportation in Maidstone is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by multiple bus routes, facilitating easy travel to and from the CBD and surrounding areas. Additionally, nearby train stations, such as West Footscray and Tottenham, provide further connectivity options.

Maidstone has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy. The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities.

Recreational activities are abundant in Maidstone, with numerous parks and green spaces available for public use. The picturesque Maribyrnong River provides walking, picnicking, and outdoor sports opportunities. Additionally, the suburb's proximity to the Highpoint Shopping Centre offers residents various retail and entertainment options.

Maidstone's blend of urban convenience and community-oriented living makes it a desirable location for a diverse range of residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$870,000	$612,500
Growth Report
Median Quarterly	0.58%	-0.81%
Median 12 month	2.31%	-2%
Median 3 years	-1.42%	9.38%
Median 5 years	9.3%	-0.33%
10 years average annual	3.98%	3.49%
Weekly media advert. rent	$610	$550
Time on Market	66.5 days	70.8 days
Gross Rental Yield Percent	3.65%	4.67%

Demographics (Median Values)*

Total Population 26298

Weekly Household Income 1483

Household Size 2.50

Average Age 33

Monthly Loan Repayment 1987

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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