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Maffra
AREA REPORTS

Maffra

Maffra - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3860

house
unit

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 $342,500.

The upward trend in home prices in MAFFRA, 3860 averaged 10.58% per annum over a 3-year period.

Average weekly rents on listings have reached the $325 mark, reflecting a 4.93% increase in returns based on the current median price in MAFFRA.

An average of 10 real estate transactions take place per month in MAFFRA which translates to 120 per annum.

120 properties were sold in MAFFRA in 2016, making it the 697th most active market in VIC based on total real estate transactions.

MAFFRA, 3860 places 364th in Australia based on median property value growth during the quarter.

Data report can be found below

Maffra
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $342,500 $250,000
GROWTH REPORT
Median Quarterly 3.95% N/A
Median 12 month 7.37% 12.61%
Median 3 years 31.73% N/A
Median 5 years 33.01% N/A
10 years average annual 4.4% 6.65%
Weekly media advert. rent $325 $245
Time on Market 57.7 days 0.0 days
Gross Rental Yield Percent 4.93% 5.1%
demographics (median values)*
Total Population
7172
Weekly Household Income
1117
Household Size
2.40
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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