Maribyrnong, a vibrant suburb nestled in the inner-west of Melbourne, Victoria, has experienced significant activity in its housing market over the past few years. Known for its rich historical heritage and scenic landscapes, Maribyrnong attracts a diverse array of buyers and investors. In recent times, the suburb has seen a steady increase in property values, driven by its desirable proximity to the Melbourne CBD and the comprehensive amenities offered within and around the area. The housing stock in Maribyrnong largely comprises modern apartment complexes alongside classic Victorian and Edwardian-style homes, catering to a broad spectrum of preferences and budgets. Development projects have been on the rise, with the local government actively investing in infrastructure and public transport improvements to enhance connectivity, thereby further boosting the area’s residential appeal.
Living in Maribyrnong offers a balanced urban lifestyle with a touch of tranquility, thanks to its abundant green spaces and the scenic Maribyrnong River. The suburb is well-equipped with amenities, featuring the Highpoint Shopping Centre, one of Melbourne's largest malls, numerous dining options, and reputable schools, making it ideal for families and young professionals. The community is characterized by its multicultural diversity, fostering a warm and inclusive neighborhood atmosphere. Residents enjoy active lifestyles with access to cycling paths, parks, and riverfront activities. Additionally, Maribyrnong’s well-connected public transport network ensures easy commutes to the city and surrounding areas. With its blend of urban convenience and leisurely charm, Maribyrnong continues to be a sought-after location for those looking to enjoy Melbourne’s dynamic living without being in the city’s hustle and bustle.
Median Weekly Rent | $436.80 |
Median Monthly Mortgage | $2105.68 |
Median Persons Per bed houseroom | 0.88 |
Average Household Size | 2.57 |
Average Age | 38.27 |
Average Income | $927.91 |
Average Cars Per Dwelling | 1.66 |
Average Properties Within 50M | 151 |
Typical 1 bed house | $474,000 |
Typical 2 bed house | $712,000 |
Typical 3 bed house | $1,407,000 |
Typical 4 bed house | $1,970,000 |
Typical 5 bed house | $2,163,000 |
Typical 6 bed+ house | $1,831,000 |
Housing Stock
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Thinking about buying in Maribyrnong? Now could not be a better time, with 8496 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,116,000 with prices in this suburb ranging from $252,000 to $7,311,000. Maribyrnong is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Consistent high demand relative to supply is a key feature in Maribyrnong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Maribyrnong ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Maribyrnong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Maribyrnong requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Instant Property ValuationMaribyrnong Secondary College
St Margaret's Primary School
Footscray North Primary School
Footscray City College
Moonee Ponds West Primary School
St Bernard's College
Ascot Vale West Primary School
Avondale Primary School
Aberfeldie Primary School
Ave Maria College
(While the above schools are located with the suburb of Maribyrnong there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 15.0 | 27.7 | 39.0 | 86.3 | 5.3 | 24.8 |
Feb | 1.3 | 15.1 | 26.9 | 42.3 | 89.0 | 4.9 | 20.6 |
Mar | 1.2 | 13.7 | 24.8 | 43.5 | 88.7 | 4.6 | 16.0 |
Apr | 1.6 | 10.9 | 21.1 | 48.2 | 91.3 | 4.3 | 11.7 |
May | 1.4 | 8.6 | 17.1 | 56.6 | 92.2 | 4.7 | 8.5 |
Jun | 1.4 | 6.5 | 14.4 | 64.1 | 94.3 | 4.3 | 7.4 |
Jul | 1.2 | 6.5 | 14.0 | 61.6 | 92.9 | 5.2 | 7.7 |
Aug | 1.4 | 6.7 | 14.9 | 54.8 | 92.0 | 5.4 | 10.2 |
Sept | 1.7 | 8.1 | 17.9 | 47.7 | 90.7 | 5.4 | 14.4 |
Oct | 1.6 | 9.5 | 20.7 | 44.5 | 90.7 | 5.3 | 19.0 |
Nov | 2.3 | 11.5 | 23.1 | 43.9 | 90.3 | 5.1 | 21.4 |
Dec | 1.8 | 13.2 | 25.6 | 41.0 | 88.3 | 5.1 | 24.8 |
source: Australian Government Bureau of Meteorology
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