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Maddingley
AREA REPORTS

Maddingley

Maddingley - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3340

house

MADDINGLEY, 3340 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling MADDINGLEY, 3340 values up and netting property investors a capital gain of 6.6% for the past year.

Investors saw the median home price rise to $565,000.

Profits due to an upward trend in home prices in the suburb averaged 8.52% per annum over a 3-year period.

MADDINGLEY now ranks at the 521st 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 MADDINGLEY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MADDINGLEY, homes and units usually stay on listing for an average of 39.0 days.

In 2016, 115 properties were sold in MADDINGLEY during the past year, making it the 726th most active market in VIC based on total real estate transactions.

Data report can be found below

Maddingley
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $565,000 N/A
GROWTH REPORT
Median Quarterly 2.45% N/A
Median 12 month 6.6% N/A
Median 3 years 25.56% N/A
Median 5 years 63.77% N/A
10 years average annual 6.68% N/A
Weekly media advert. rent $420 N/A
Time on Market 39.0 days N/A
Gross Rental Yield Percent 3.87% N/A
demographics (median values)*
Total Population
21121
Weekly Household Income
1426
Household Size
2.70
Age
38
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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