City of MaribyrnongEconomic profile
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Maribyrnong City

Housing valuation

At June 2018, Maribyrnong City had a median house valuation of $954,408, $284,347 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 2014-2018, Housing Valuation System

Housing values
Maribyrnong City20182014Change
Housing value (at June)Maribyrnong CityVictoriaMaribyrnong City relative to VictoriaMaribyrnong CityVictoriaMaribyrnong City relative to Victoria2014 to 2018
House--------------
First Quartile$844,319$461,586+82.9%$554,581$339,363+63.4%+$289,738
Median$954,408$670,061+42.4%$624,155$451,630+38.2%+$330,253
Third Quartile$1,066,544$1,001,613+6.5%$695,169$675,298+2.9%+$371,375
Unit--------------
First Quartile$384,021$412,486-6.9%$318,622$315,318+1.0%+$65,399
Median$472,728$526,184-10.2%$379,716$423,673-10.4%+$93,012
Third Quartile$573,768$662,536-13.4%$452,474$543,876-16.8%+$121,294

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Victoria: $662,536 Median, Victoria: $526,184 First Quartile, Victoria: $412,486 Third Quartile, Victoria: $1,001,613 Median, Victoria: $670,061 First Quartile, Victoria: $461,586 Third Quartile, Maribyrnong City: $573,768 Median, Maribyrnong City: $472,728 First Quartile, Maribyrnong City: $384,021 Third Quartile, Maribyrnong City: $1,066,544 Median, Maribyrnong City: $954,408 First Quartile, Maribyrnong City: $844,319
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Victoria: $118,660 Median, Victoria: $102,511 First Quartile, Victoria: $97,168 Third Quartile, Victoria: $326,315 Median, Victoria: $218,431 First Quartile, Victoria: $122,223 Third Quartile, Maribyrnong City: $121,294 Median, Maribyrnong City: $93,012 First Quartile, Maribyrnong City: $65,399 Third Quartile, Maribyrnong City: $371,375 Median, Maribyrnong City: $330,253 First Quartile, Maribyrnong City: $289,738
Source: Hometrack 2014-2018, Housing Valuation System

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