Maddingley suburb profile
Maddingley is a charming suburb located in the western part of Victoria, approximately 55km from Melbourne's CBD. Known for its semi-rural atmosphere, Maddingley offers a peaceful lifestyle with a blend of natural beauty and modern conveniences. The suburb is home to Bacchus Marsh Grammar and several parks, providing excellent educational and recreational opportunities for families. With its proximity to the Bacchus Marsh township, residents enjoy access to local shops, cafes, and essential services. Maddingley's growing community and easy access to the Western Freeway make it an attractive choice for those seeking a balance between country living and urban accessibility.
Maddingley property market performance
Maddingley's property market has shown varied performance over the past 12 months. While the median house price has remained stable at $600,000, unit values have surged by 46.3%, reaching a median price of $440,000. This significant increase in unit prices indicates a shift in demand towards units in the area.
Sales activity has been moderate, with 31 houses and only 3 units sold in the past three months. Houses are selling faster, with a median of 51 days on the market, compared to 77 days for units, suggesting a slower pace in the unit market.
The rental market in Maddingley has seen notable growth, with house rents increasing by 8.9% and unit rents by 6.5% over the last 12 months. This rise in rental prices reflects a strong demand for rental properties in the suburb.
Median price - houses$600KPast 3 months
Median price - units$440KPast 3 months
Change in value - houses-1.4%12 months
Change in value - units46.3%12 months
Houses sold33Past 3 months
Units sold2Past 3 months
Median DOM - houses48Past 12 months
Median DOM - units77Past 12 months
Average rent - houses$490Past 12 months
Average rent - units$450Past 12 months
Change in rent - houses7.7%Past 12 months
Change in rent - units8.4%Past 12 months
Maddingley demographics
Maddingley, located in Victoria, is a suburb that offers a blend of suburban tranquility and family-friendly living. With a population of 5,491 and a median age of 33, it is a community that attracts young families and professionals seeking a balanced lifestyle. The suburb's proximity to Bacchus Marsh and its convenient access to Melbourne make it an appealing choice for those who commute for work while enjoying the benefits of a quieter residential area.
The housing landscape in Maddingley is characterized by a high rate of home ownership, with 56.2% of properties owned with a mortgage and 19.3% owned outright. This indicates a stable community with many residents investing in their homes for the long term. The rental market, comprising 24.5% of properties, provides options for those seeking flexibility, including young professionals and families transitioning into home ownership.
Family life is a significant aspect of Maddingley, with 48.3% of households being couple families with children, and 34.2% being couple families without children. The presence of one-parent families at 16.7% also highlights the suburb's inclusivity and support for diverse family structures. The median total household income of $1,923 per week reflects a comfortable standard of living, supporting the community's family-oriented lifestyle and access to local amenities, schools, and recreational facilities.
Maddingley infrastructure, key developments and investment opportunities
Maddingley is experiencing significant growth and development, particularly in residential areas. The Stonehill Estate is a major new housing development in the suburb, offering a range of house and land packages that are expanding the local property market. This development is likely to attract new residents and potentially increase demand for properties in the area.
Infrastructure improvements are also underway, with the presence of Bacchus Marsh railway station in Maddingley enhancing connectivity to Melbourne. The suburb benefits from educational facilities such as Bacchus Marsh College and Bacchus Marsh Grammar School, which may appeal to families looking to settle in the area. Additionally, the Maddingley brown coal mine and Maddingley Park, featuring the Nieuwesteeg Heritage Rose Garden, contribute to the suburb's industrial heritage and recreational offerings, potentially influencing property values and livability.
Maddingley rental market trends
The rental market in Maddingley has experienced moderate growth, with house rents increasing by 8.9% over the past year to $490 per week, while unit rents have risen by 6.5% to $448 per week. With its appealing suburban lifestyle and proximity to essential amenities, Maddingley continues to attract both renters and investors seeking stable returns in a growing community.
Suburbs near Maddingley
Some popular suburbs near Maddingley include: