Maffra

POSTAL CODE: VIC, 3860

HOUSE

UNIT

MAFFRA, 3860 ranks 3225th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 2.5% for property investors.

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

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 $440,750.

The upward trend in home prices in MAFFRA, 3860 averaged 5.33% per annum over a 3-year period.

Average weekly rents on listings have reached the $430 mark, reflecting a 5.07% increase in returns based on the current median price in MAFFRA.

An average of 8.5 real estate transactions take place per month in MAFFRA which translates to 102 per annum.

102 properties were sold in MAFFRA in 2016, making it the 729th most active market in VIC based on total real estate transactions.

MAFFRA, 3860 places 587th 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 $360,000.

Investors saw the median home price rise to $360,000.

The upward trend in home prices in MAFFRA, 3860 averaged 3.31% per annum over a 3-year period.

MAFFRA now ranks at the 164th 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 MAFFRA are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $360 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 MAFFRA, homes and units usually stay on listing for an average of 84.6 days.

12 properties were sold in MAFFRA in 2016, making it the 364th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$440,750	$360,000
Growth Report
Median Quarterly	-1.34%	2.13%
Median 12 month	2.5%	0%
Median 3 years	15.99%	9.92%
Median 5 years	39.04%	62.16%
10 years average annual	6.91%	14.76%
Weekly media advert. rent	$430	$360
Time on Market	64.2 days	84.6 days
Gross Rental Yield Percent	5.07%	5.2%

Demographics (Median Values)*

Total Population 7172

Weekly Household Income 1117

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1213

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

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