Maribyrnong

POSTAL CODE: VIC, 3032

HOUSE

UNIT

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,201,000.

The upward trend in home prices in MARIBYRNONG, 3032 averaged 1.18% per annum over a 3-year period.

Average weekly rents on listings have reached the $700 mark, reflecting a 3.03% increase in returns based on the current median price in MARIBYRNONG.

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

95 properties were sold in MARIBYRNONG in 2016, making it the 21st most active market in VIC based on total real estate transactions.

MARIBYRNONG, 3032 places 94th in Australia based on median property value growth during the quarter.

The 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 $495,000.

Investors saw the median home price rise to $495,000.

The downward trend in home prices in MARIBYRNONG, 3032 averaged -3.87% per annum over a 3-year period.

MARIBYRNONG now ranks at the 188th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $527.5 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 MARIBYRNONG, homes and units usually stay on listing for an average of 63.5 days.

247 properties were sold in MARIBYRNONG in 2016, making it the 227th most active market in VIC based on total real estate transactions.

Surburb overview

Maribyrnong, located approximately 8 kilometres north-west of Melbourne's Central Business District, is an inner-city suburb within the City of Maribyrnong local government area. According to the 2021 Census, it has a population of 12,573 residents.

The suburb's demographic profile is diverse, with a significant portion of the population born overseas. The median age is 32 years, and households primarily comprise couples with children, reflecting its family-friendly environment.

Maribyrnong is well-served by public transportation, offering residents convenient access to various parts of Melbourne. Tram route 82 runs through the suburb, connecting Maribyrnong to Footscray and Moonee Ponds. Several bus routes operate through the suburb, enhancing connectivity to neighbouring areas and the broader Melbourne public transport network.

The suburb is home to Highpoint Shopping Centre, one of Australia's largest shopping centres, featuring a variety of retail outlets, dining options, and entertainment facilities. Maribyrnong College and other educational institutions provide quality education options for families. Residents can access medical centres near significant hospitals, ensuring comprehensive healthcare services.

Maribyrnong offers various recreational opportunities. The suburb features several parks and green spaces, including the Maribyrnong River, providing areas for outdoor activities and community gatherings. Local centres offer programs and activities catering to diverse interests, fostering a strong sense of community.

Maribyrnong's blend of cultural diversity, modern amenities, and proximity to the city centre makes it desirable for residents seeking a vibrant urban lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,201,000	$495,000
Growth Report
Median Quarterly	4.43%	1.02%
Median 12 month	1.78%	-1%
Median 3 years	3.53%	-11.61%
Median 5 years	20.1%	-2.94%
10 years average annual	4.06%	1.02%
Weekly media advert. rent	$700	$528
Time on Market	88.8 days	63.5 days
Gross Rental Yield Percent	3.03%	5.54%

Demographics (Median Values)*

Total Population 29450

Weekly Household Income 1720

Household Size 2.50

Average Age 33

Monthly Loan Repayment 2000

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

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