maryborough

3465, Victoria

Real Estate & Property Information

Median
Price Rank
622

maryborough Suburb Profile & Review

Maryborough is a town in the Central Goldfields, located two hours north-west of Melbourne on the Pyrenees Highway. From Maryborough Station, V/Line train services run to Melbourne via Ballarat on the Mildura line. There are three schools in the area Highview Christian Community College, Maryborough Education Centre and St Augustine's Primary School.

High Street is the main commercial precinct, where there are a variety of fashion retailers, banks, bakeries, healthcare professionals and takeaway shops. Maryborough has four supermarkets in total, as well as a Kmart and a Target. Nolan and Burke streets offer a choice selection of coffee and brunch spots, including Fusion cafe and Bondini's Gifts & Garden cafe.

Lake Victoria is within walking distance of the town centre, and its parkland is popular with locals. The adjoining Princes' Park precinct boasts cycling tracks, playgrounds, sports ovals and the Maryborough Sports and Fitness Centre, which has courts, an indoor pool and a gymnasium. Goldfields Reservoir on the way to Ballarat is an oft-visited recreational boating and fishing lake. The nearby Goldfields Restaurant provides fine dining in a scenic setting.

maryborough Demographic Data

$ 181,000 Median House Price

123 Minutes Average Commute

48 Median Age

7,630 Population

51.69 % Female

48.31 % Male

2022 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in maryborough, Victoria.

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maryborough Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

maryborough Median House Prices

  • 2008 $ 136,000
  • 2009 $ 140,000
  • 2010 $ 153,250
  • 2011 $ 160,000
  • 2012 $ 181,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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maryborough 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in maryborough have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term maryborough property price predictions.

maryborough Market Property Types

  • 87 % Seperate House
  • 5 % Semi Detached
  • 7 % Flat or Unit
  • 2 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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maryborough Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

maryborough Income & Mortgage Stats

  • $ 672 Median Weekly Household Income
  • $ 900 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in maryborough

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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maryborough Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

maryborough Sold Property Prices

maryborough Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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maryborough Cafes

  • The Chimney CafeShop 4, 92 - 98 Burke Streetmaryborough VIC 34650429 505 577
  • Terrace Coffee Corner111 Nolan Street maryborough VIC 346503 5461 3819
  • Sue's Kitchen59 High Street maryborough VIC 346503 5460 4228

Find out How Much your House is Worth in maryborough

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