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Maddingley

Suburb Profile

Maddingley - FREE 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 13.04% for the past year.

Investors saw the median home price rise to $520,000.

Profits due to an upward trend in home prices in the suburb averaged 10.88% per annum over a 3-year period.

MADDINGLEY now ranks at the 458th 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 $390 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 70.0 days.

In 2016, 73 properties were sold in MADDINGLEY during the past year, making it the 92nd most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $520,000 N/A
GROWTH REPORT
Median Quarterly 0.78% N/A
Median 12 month 13.04% N/A
Median 3 years 32.65% N/A
Median 5 years 57.58% N/A
10 years average annual 6.08% N/A
Weekly media advert. rent $390 N/A
Time on Market 70.0 days N/A
Gross Rental Yield Percent 3.9% N/A
demographics (median values)
Total Population
1628
Weekly Household Income
1014
Household Size
2.80
demographics
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