Maffra

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 $472,500.

The upward trend in home prices in MAFFRA, 3860 averaged 4.62% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.95% increase in returns based on the current median price in MAFFRA.

An average of 8.75 real estate transactions take place per month in MAFFRA which translates to 105 per annum.

105 properties were sold in MAFFRA in 2016, making it the 735th most active market in VIC based on total real estate transactions.

MAFFRA, 3860 places 88th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$472,500	N/A
Growth Report
Median Quarterly	4.02%	N/A
Median 12 month	9.88%	N/A
Median 3 years	13.86%	N/A
Median 5 years	47.66%	N/A
10 years average annual	6.91%	N/A
Weekly media advert. rent	$450	N/A
Time on Market	60.6 days	N/A
Gross Rental Yield Percent	4.95%	N/A

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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