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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:

Common questions about Maddingley

  • Is Maddingley a nice place to live?

    Maddingley is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the western part of Victoria, Maddingley is known for its peaceful, semi-rural charm that provides a perfect escape from the hustle and bustle of city life. The suburb's lush green spaces and parks offer plenty of opportunities for outdoor activities, making it ideal for families who enjoy nature and recreation. The presence of reputable schools like Bacchus Marsh Grammar adds to its appeal for families seeking quality education for their children.

    Living in Maddingley means enjoying a relaxed suburban vibe while still having access to essential amenities. The nearby Bacchus Marsh township offers a variety of local shops and cafes, ensuring that residents have everything they need within reach. The suburb's growing community is welcoming and inclusive, fostering a strong sense of belonging among its residents. Safety is generally not a major concern, contributing to the overall livability of the area.

    However, there are some trade-offs to consider when living in Maddingley. While the suburb offers a tranquil lifestyle, it may not have the vibrant nightlife or cultural attractions found in more urban areas. Additionally, commuting to Melbourne's CBD can be time-consuming, although the presence of the Bacchus Marsh railway station provides a convenient option for those who work in the city. Despite these trade-offs, Maddingley remains an attractive choice for families and individuals seeking a balance between country living and urban accessibility.

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  • Is it expensive to live in Maddingley?

    Maddingley offers a relatively affordable living option compared to other areas in Victoria. With a median house price of $600,000 and a median unit price of $440,000, property prices in Maddingley are more accessible than those found in many inner-city suburbs. For those considering renting, the average rent for houses is $490 per week, while units are slightly more affordable at $448 per week. These figures suggest that Maddingley provides a more budget-friendly option for both buyers and renters.

    When comparing local earnings, the average wage in Maddingley is approximately $65,000 per year. This figure aligns closely with the median total household income of $1,923 per week. In contrast, the average wage across Victoria is generally higher, which means that Maddingley residents might find their income stretches further in this suburb. Overall, Maddingley offers a good balance of affordability and lifestyle, making it an attractive option for those looking to live within a reasonable distance of Melbourne without the high price tag associated with more central locations.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Maddingley a good place to invest?

    Maddingley presents an intriguing opportunity for property investors, particularly those interested in units. Over the past year, the suburb has seen a remarkable 46.3% increase in median unit values, indicating a strong demand and potential for capital growth in this segment. This surge suggests that Maddingley is becoming increasingly attractive to buyers and renters alike, possibly due to its evolving amenities and lifestyle offerings.

    While the median house values have remained stable with no change over the last 12 months, the rental market tells a different story. Rental prices for houses have increased by 8.9%, and units by 6.5%, highlighting a growing demand for rental properties. This trend suggests that Maddingley is appealing to renters, which could provide investors with a steady rental income stream.

    Overall, Maddingley offers a unique investment landscape. The significant growth in unit values and the rising rental prices across the board indicate a suburb on the rise. For investors looking for potential capital appreciation and reliable rental returns, Maddingley could be a promising choice, especially in the unit market.

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