AREA REPORTS

Maffra

 

 

VIC/
Maffra

Suburb Profile

Maffra - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3860

house

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 $261,500.

The upward trend in home prices in MAFFRA, 3860 averaged 4.57% per annum over a 3-year period.

Average weekly rents on listings have reached the $265 mark, reflecting a 5.27% increase in returns based on the current median price in MAFFRA.

An average of 7.58 real estate transactions take place per month in MAFFRA which translates to 91 per annum.

91 properties were sold in MAFFRA in 2016, making it the 25th most active market in VIC based on total real estate transactions.

MAFFRA, 3860 places 115th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $261,500 N/A
GROWTH REPORT
Median Quarterly 3.46% N/A
Median 12 month 4.6% N/A
Median 3 years 13.7% N/A
Median 5 years 13.7% N/A
10 years average annual 3.49% N/A
Weekly media advert. rent $265 N/A
Time on Market 112.9 days N/A
Gross Rental Yield Percent 5.27% N/A
demographics (median values)
Total Population
5336
Weekly Household Income
773.7
Household Size
2.50
demographics
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