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Maidstone suburb profile

Maidstone is a vibrant suburb located just 8km west of Melbourne's CBD, known for its diverse community and convenient urban living. The area offers a mix of residential options, from classic weatherboard homes to modern apartments, catering to a variety of lifestyles. Maidstone is well-served by public transport, providing easy access to the city and surrounding areas. The suburb boasts several parks and recreational facilities, including the popular Medway Golf Club, making it an attractive spot for outdoor enthusiasts. With its proximity to Highpoint Shopping Centre and a range of local amenities, Maidstone continues to appeal to families, professionals, and investors alike.

Maidstone property market performance

Maidstone's property market has shown stability and growth over the past 12 months. The median house price has remained steady at $835,000, while unit values have increased by 4%, reaching a median price of $680,000. This indicates a growing interest in units within the suburb.

Sales activity has been balanced, with 21 houses and 21 units sold in the past three months. Units are selling faster than houses, with a median of 48 days on the market compared to 61 days for houses, suggesting a stronger demand for units.

The rental market in Maidstone has experienced significant growth, with average rents for houses increasing by 14.1% and units by 14.6% over the last 12 months, reflecting a robust demand for rental properties in the area.

Median price - houses$815KPast 3 months

Median price - units$612KPast 3 months

Change in value - houses-2.4%12 months

Change in value - units2.8%12 months

Houses sold18Past 3 months

Units sold14Past 3 months

Median DOM - houses59.5Past 12 months

Median DOM - units50.5Past 12 months

Average rent - houses$600Past 12 months

Average rent - units$550Past 12 months

Change in rent - houses13.2%Past 12 months

Change in rent - units10.0%Past 12 months

Maidstone demographics

Maidstone, located in Melbourne's inner-west, is a suburb that offers a blend of urban convenience and suburban tranquility. With a population of 9,389 and a median age of 34, it attracts a diverse mix of residents, including young families, professionals, and long-term locals. The suburb's proximity to the city and various amenities makes it an appealing choice for those seeking a balanced lifestyle.

The housing landscape in Maidstone is varied, with 44.2% of properties being rented, indicating a significant demand for rental accommodation. This is complemented by a substantial proportion of homes owned outright (21.1%) and those owned with a mortgage (34.7%), reflecting a stable property market that caters to both renters and homeowners. The suburb's family-friendly environment is evident, with 42.3% of households being couple families with children, while 35.5% are couple families without children, showcasing its appeal to a wide range of family structures.

Maidstone's community is further enriched by its cultural diversity and local amenities, including parks, schools, and shopping centers, which contribute to a vibrant and inclusive atmosphere. The median total household income of $1,916 per week suggests a comfortable standard of living, attracting those who value both affordability and accessibility. Overall, Maidstone offers a dynamic and welcoming environment for residents seeking a well-rounded suburban experience within easy reach of Melbourne's bustling city life.

Maidstone infrastructure, key developments and investment opportunities

Maidstone is experiencing significant developments that are likely to impact its property market. The planned Maidstone tram depot, scheduled to commence construction in 2022, will enhance public transport connectivity in the area. This improved infrastructure could increase property desirability, particularly for commuters. Additionally, the ongoing transformation of former industrial sites into new housing estates is expanding residential options and potentially attracting a diverse range of buyers to the suburb.

The suburb's proximity to Highpoint Shopping Centre, which has recently expanded to include more upscale retailers, adds to its appeal for young professionals and families. Maidstone's location, just 7km northwest of Melbourne's CBD, combined with its access to the Maribyrnong River Trail and numerous parks, enhances its livability. These factors, along with the area's period homes and newer medium-density developments, are likely to sustain strong interest in Maidstone's property market, potentially driving up values in the coming years.

Maidstone rental market trends

The rental market in Maidstone is experiencing significant growth, with house rents increasing by 14.1% over the past year to $599 per week, and unit rents rising 14.6% to $550 per week. This upward trend reflects strong demand and makes Maidstone an attractive option for both renters and investors seeking promising returns in a vibrant suburb.

Suburbs near Maidstone

Some popular suburbs near Maidstone include:

Common questions about Maidstone

  • Is Maidstone a nice place to live?

    Maidstone is a delightful suburb that offers a harmonious blend of urban convenience and suburban charm, making it a fantastic place to call home. Its vibrant atmosphere is enriched by a diverse community, which adds a unique cultural flair to the area. Families will find Maidstone particularly appealing, thanks to its family-friendly environment and access to quality schools and parks. The suburb's proximity to Melbourne's CBD ensures that residents can enjoy the perks of city living while still relishing a quieter, more relaxed lifestyle.

    One of Maidstone's standout features is its excellent connectivity. With well-served public transport options, commuting to the city or exploring surrounding areas is a breeze. The suburb's location near the Maribyrnong River Trail and numerous parks provides ample opportunities for outdoor activities, making it a haven for nature lovers and those who enjoy an active lifestyle. Additionally, the nearby Highpoint Shopping Centre offers a wide range of shopping and dining options, ensuring that all your needs are conveniently met.

    While Maidstone offers many advantages, there are some trade-offs to consider. The ongoing developments and transformation of former industrial sites into new housing estates may lead to increased property demand and potentially higher prices. However, this also means that the suburb is continuously evolving, attracting a diverse range of residents and enhancing its overall appeal. Safety is generally not a major concern, but as with any urban area, it's always wise to stay vigilant.

    For families, Maidstone provides a welcoming and inclusive environment, with plenty of amenities and recreational facilities to keep everyone entertained. Whether you're a young professional, a growing family, or someone seeking a balanced lifestyle, Maidstone offers a dynamic and well-rounded suburban experience that is hard to resist.

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  • Is it expensive to live in Maidstone?

    Living in Maidstone can be considered moderately expensive, especially when you take into account its proximity to Melbourne's city center. The median house price in Maidstone is currently $835,000, while units are priced at a median of $680,000. These figures are relatively high, reflecting Maidstone's appeal as an inner-city suburb with easy access to the amenities and opportunities of Melbourne.

    For those considering renting, the average rent for houses in Maidstone is $599 per week, and for units, it's $550 per week. These rental prices are on the higher side, aligning with the suburb's desirable location. When comparing the average annual salary in Maidstone, which is approximately $91,000, to the median total household income weekly of $1,916, it becomes clear that a significant portion of income would need to be allocated towards housing costs.

    Overall, while Maidstone offers the benefits of city living with its vibrant community and excellent transport links, the cost of living, particularly in terms of housing, is relatively high. If you are thinking of living in Maidstone, it's important to ensure that your financial situation can accommodate the expenses associated with this sought-after suburb.

    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 Maidstone a good place to invest?

    Maidstone presents an intriguing opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a significant increase in rental prices, with house rents rising by 14.1% and unit rents by 14.6%. This suggests a strong demand for rental properties, making it an attractive option for investors looking to capitalize on rental yields.

    While the median house value in Maidstone has remained stable over the last 12 months, unit values have seen a modest increase of 4.0%. This indicates a growing interest in units, possibly due to their affordability compared to houses. The steady house prices, combined with rising rents, suggest that Maidstone is a stable market with potential for consistent rental returns.

    Overall, Maidstone offers a balanced investment landscape. The suburb's rental market is thriving, providing a reliable income stream for investors. While capital growth for houses has been flat, the increase in unit values and strong rental demand highlight its potential as a solid investment choice, especially for those focused on rental income.

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