City of MaribyrnongEconomic profile
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Maribyrnong City

Housing valuation

At June 2017, Maribyrnong City had a median house valuation of $919,228, $314,548 higher than the median house valuation for Victoria.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
Maribyrnong City20172013Change
Housing value (at June)Maribyrnong CityVictoriaMaribyrnong City relative to VictoriaMaribyrnong CityVictoriaMaribyrnong City relative to Victoria2013 to 2017
House--------------
First Quartile$805,587$402,814+100.0%$498,433$322,519+54.5%+$307,154
Median$919,228$604,680+52.0%$566,570$424,044+33.6%+$352,658
Third Quartile$1,033,293$956,823+8.0%$635,578$614,822+3.4%+$397,715
Unit--------------
First Quartile$359,221$368,310-2.5%$296,669$294,921+0.6%+$62,552
Median$444,771$496,468-10.4%$369,207$386,032-4.4%+$75,564
Third Quartile$542,857$630,858-13.9%$435,295$493,165-11.7%+$107,562

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Victoria: $630,858 Median, Victoria: $496,468 First Quartile, Victoria: $368,310 Third Quartile, Victoria: $956,823 Median, Victoria: $604,680 First Quartile, Victoria: $402,814 Third Quartile, Maribyrnong City: $542,857 Median, Maribyrnong City: $444,771 First Quartile, Maribyrnong City: $359,221 Third Quartile, Maribyrnong City: $1,033,293 Median, Maribyrnong City: $919,228 First Quartile, Maribyrnong City: $805,587
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Victoria: $137,693 Median, Victoria: $110,436 First Quartile, Victoria: $73,389 Third Quartile, Victoria: $342,001 Median, Victoria: $180,636 First Quartile, Victoria: $80,295 Third Quartile, Maribyrnong City: $107,562 Median, Maribyrnong City: $75,564 First Quartile, Maribyrnong City: $62,552 Third Quartile, Maribyrnong City: $397,715 Median, Maribyrnong City: $352,658 First Quartile, Maribyrnong City: $307,154
Source: Hometrack 2011-2016, Housing Valuation System

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