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Maroondah City, VIC

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The City of Maroondah is a local government area in the eastern suburbs of Melbourne, Victoria. The LGA’s property market has good potential for capital growth, with properties generally selling quickly.

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The economy of Maroondah City, Victoria is based largely on manufacturing, retail trade, health care and social assistance, and education and training. A number of small businesses also operate in the area.

Professionals (23.7 %), Clerical and Administrative Workers (15.1 %), Technicians and Trades Workers (14.9 %), Managers (12.5 %), and Community and Personal Service Workers (10.6 %) are the most frequent jobs in Maroondah. In Maroondah, the typical weekly personal income for residents aged 15 years and older is $696.

The Maroondah City, Victoria economy is relatively stable, and is forecast to grow at a modest rate in the coming years. The city’s unemployment rate is below the national average, and is expected to remain so in the coming years.

The real estate in Maroondah City, Victoria is predominantly made up of detached houses. However, there is also a good selection of apartments and townhouses available. The majority of properties are older, although there are some newer developments as well. Prices are fairly affordable, making it a popular choice for families.

In Maroondah, 88.9 % of private residences are detached houses, 8.4 % are semi-detached, row or terrace houses, townhouses, or other structures, 2.4 % are flats or apartments, and 0.1 % are other structures.

Investors are typically interested in detached houses in the area that are priced around $600,000 or lower and these are hard to come by in this market. There may be pockets of affordability in the 2 bedroom townhouse segment within this price range.

Discover the latest real estate trends in Maroondah suburbs with the help of interactive dashboard below.

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Suburb Heatmap Analysis

Property Market Snapshot

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

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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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Property Market in Maroondah City, VIC

What other property markets are there near Maroondah City, VIC?

Maroondah City is surrounded by 4 other council areas – Manningham, Yarra Ranges, Whitehorse, Knox.

How many people live in Maroondah City, VIC?

There are approximately 110000 people living in roughly 44000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Maroondah City, VIC?

Notable infrastructure projects include Jubilee Park Sporting Pavilion Stage 2 – Indoor Cricket Training Centre, Dorset Recreation Reserve, Ainslie Park Pavilion redevelopment, Jubilee Park Sporting Pavilion Stage 2 – Indoor Cricket Training Centre, Dorset Recreation Reserve.

What major retailers are there in Maroondah City, VIC?

The main retail centres are Eastland Shopping Centre, Ringwood North Shopping Centre, H&M, UNIQLO Eastland, Target.

What is the main industry in Maroondah City, VIC?

Such sectors as Manufacturing, Construction, Education & Training, Accommodation & Food Services make up the largest part of the employment.

What are the dominant demographic groups in Maroondah City, VIC?

Among approximately 110000 people in Maroondah City males and females make roughly 48% and 52% respectively. The median age of people is 38 years. Children aged 0-14 years account for approximately 19% of the population, and those aged 65+ years account for 16%.

How is unemployment rate trending in Maroondah City, VIC?

Among approximately 58000 people employed, roughly 58% work full-time, 32% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Abbeyard 3737, Harrietville 3741, Havilah 3737, Kancoon Heathmont 3135, Kilsyth South 3137, Bayswater North 3153, Ringwood 3134, Ringwood East 3135, Warranwood 3134, Croydon 3136, Croydon Hills 3136, Croydon North 3136, Croydon South 3136

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