Maddingley

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 2.78% for the past year.

Investors saw the median home price rise to $638,500.

Profits due to an upward trend in home prices in the suburb averaged 0.58% per annum over a 3-year period.

MADDINGLEY now ranks at the 304th 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 $505 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 63.7 days.

In 2016, 134 properties were sold in MADDINGLEY during the past year, making it the 617th most active market in VIC based on total real estate transactions.

Surburb overview

Maddingley is a residential suburb of Bacchus Marsh in Victoria, located within the Shire of Moorabool, approximately 50 kilometres west of Melbourne’s central business district and about 46 kilometres east of Ballarat.

Situated on the eastern side of Bacchus Marsh, Maddingley is bounded in part by the Western Freeway and forms an integral part of the broader Bacchus Marsh urban area.

According to the 2021 Census, Maddingley had a population of 5,491, reflecting steady growth driven by new housing estates and the town’s role as a commuter centre.

Residential development includes a mix of established homes and newer subdivisions, with detached dwellings the predominant housing type.

Bacchus Marsh railway station, located within Maddingley, provides V/Line services to Melbourne’s CBD and Ballarat via the Ballarat line, supporting daily commuting.

Road access to Melbourne and regional Victoria is facilitated by the Western Freeway, which runs along the suburb’s southern boundary.

Local amenities include Maddingley Park, which contains sporting facilities and open space, as well as schools such as Bacchus Marsh Grammar and Maddingley Primary School.

Retail, healthcare and additional education services are accessed in central Bacchus Marsh, where supermarkets and community facilities are concentrated.

The suburb has historical associations with coal mining, including the former Maddingley brown coal mine, which operated during the 20th century.

Maddingley experiences a temperate climate with warm-to-hot summers and cool winters, influenced by its valley setting in the Bacchus Marsh district.

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