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Maiden Gully, VIC 3551

Home » VIC Real Estate Data » Greater Bendigo City, VIC » Maiden Gully, VIC 3551

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Maiden Gully, VIC 3551 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Maiden Gully, VIC 3551”

  1. The total adult population (15 years or older) of Maiden Gully 3551 VIC is 4,066, with a median age of 37. Of those, 60.35% are married, 8.31% are divorced or separated, 28.63% are single and 2.68% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $9,440. The median monthly mortgage repayment for households in this suburb is $1,690 which is 17.90% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Maiden Gully, postcode 3551, located in the state of Victoria is predominantly residential area, hosting roughly 2200 households. As we approach the last lap of 2023, homes in Maiden Gully are priced at a typical price of AUD $827,840, with median weekly rent figure resting at AUD $522. These figures craft an indicative yield of 3.28% which surpasses the minimum market requirement of 3% and thus, looks promising for cashflow-centered property investors.

    As to the socio-economic aspects of Maiden Gully, with an IRSAD score of 1025 out of 1217, the suburb promises strong socio-economic conditions for inhabitants, likely resulting in a thriving market for potential investors.

    The renter to owner ratio is favourably low, standing at 7%. This low ratio suggests that the market is not oversaturated with rental properties, which can lower returns in the long term. Furthermore, the unit to house ratio is 0%, indicating the absence of competition among landlords for potential tenants, thereby maintaining high rental returns, and higher appeal for families.

    However, on the affordability front, Maiden Gully scores less favourably. The affordability index stands at 34 years, indicating a decrease in the affordability of properties within the area.

    The supply metrics for Maiden Gully are also somewhat positive. With a stock on market Percentage of 0.36%, supply is at a controlled level. Concurrently, the inventory level for houses is slightly over the favourable upper limit at 2.04 months. This indicates that while there isn’t an oversupply, houses tend to stay on the market for a modest duration before getting absorbed. The building approvals ratio, at 0.77%, offers a balanced view of the supply pipeline.

    From the demand perspective, houses in Maiden Gully are quite sought after, with an average days on market period of 29 days – indicating a brisk market. The vacancy rate, an indicator of unoccupied homes, is an impressively low 0.62%, signifying strong demand. Yet, the buy search index presents a more modest scenario at 4.

    Summing it up, while Maiden Gully showcases promising economic dynamics and low rental competition, the slightly higher affordability index and moderate buy search index suggest that real estate investors should continue observing the market trends. The RCS method provides a composite view of these factors, aiding you in taking a well-informed investment decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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