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Maffra suburb profile

Maffra is a charming rural town in Victoria's Gippsland region, known for its rich agricultural heritage and picturesque landscapes. Situated approximately 220km east of Melbourne, Maffra offers a peaceful country lifestyle with a strong sense of community. The town is surrounded by lush farmland and is famous for its dairy industry, contributing to its reputation as a key agricultural hub. Maffra boasts a range of local amenities, including schools, shops, and recreational facilities, making it an ideal location for families and retirees. Its proximity to natural attractions like the Gippsland Lakes and the Great Dividing Range adds to its appeal as a serene and scenic place to live.

Maffra property market performance

Maffra's property market has shown positive growth over the past 12 months, with house values increasing by 9.7%. The current median house price stands at $501,000. However, the unit market remains stagnant, with no change in median unit value and limited sales activity, as only one unit was sold in the past year.

In terms of sales activity, 22 houses were sold over the last 12 months, with houses spending a median of 41 days on the market, indicating a steady demand for houses in the area. The unit market, however, lacks sufficient data to provide a clear picture of its performance.

The rental market in Maffra has seen modest changes, with house rents increasing by 2.3% and unit rents rising by 7.7% over the past year. The average rent for houses is $440, while units average $350, reflecting a stable rental environment.

HousesUnits
Median price
Past 3 months
$463KN/A
Change in value
Past 12 months
7.7%N/A
Sold
Past 3 months
183
Median days on market
Past 12 months
44N/A
Average rent
Past 12 months
$450$360
Change in rent
Past 12 months
4.7%8.1%

5 year median price trend for houses and units

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Maffra demographics

Maffra, located in the heart of Victoria's Gippsland region, is a charming rural town known for its rich agricultural heritage and close-knit community. With a population of 5,384, Maffra offers a peaceful lifestyle, making it an attractive choice for families and retirees seeking a quieter pace of life. The median age of 42 reflects a mature community, with many residents enjoying the town's scenic surroundings and strong sense of community.

Housing in Maffra is predominantly owner-occupied, with 41% of properties owned outright and 36.7% owned with a mortgage. This high rate of home ownership underscores the stability and long-term commitment of its residents. The rental market, comprising 22.3% of properties, provides options for those seeking flexibility, including newcomers and young families. The suburb's family-oriented nature is evident, with couple families with children making up 36.4% of households, while 45.8% are couple families without children, highlighting its appeal to both growing families and empty nesters.

Maffra's economy is supported by agriculture, with dairy farming playing a significant role in the local industry. The town's community spirit is evident in its numerous local events and festivals, which celebrate its agricultural roots and foster a strong sense of belonging among residents. With its blend of rural charm, community focus, and affordable living, Maffra offers a welcoming environment for those looking to enjoy a balanced and fulfilling lifestyle.

Suburbs near Maffra

Some popular suburbs near Maffra include:

  • Newry: Known for its rural charm and agricultural landscape, Newry is located to the northwest of Maffra.
  • Stratford: Famous for its arts community and annual Shakespeare festival, Stratford is situated to the northeast of Maffra.
  • Boisdale: Offering a peaceful rural lifestyle with rich farming history, Boisdale lies directly north of Maffra.
  • Nambrok: Known for its expansive farmlands and serene environment, Nambrok is located to the south of Maffra.
  • Briagolong: Featuring picturesque landscapes and a vibrant arts scene, Briagolong is situated to the northwest of Maffra.

How does Maffra compare to nearby suburbs?

  • Median house prices: Maffra’s median house price is 25.4% lower than Stratford’s.
  • House price growth: Over the past 12 months, house prices in Maffra have grown 0.8% higher than in Stratford.
  • Selling speed for houses: Properties in Maffra are selling 29.0% faster than in Stratford.

Choose the right real estate agents in Maffra

There are 18 real estate agents in Maffra, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 82.2% of all sales in the past year.

Commission rates in Maffra typically range from 2.11% to 3.13%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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