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
Current median dwelling price$587,500Past 3 months
Property growth+0.7%Past 12 months
Maidstone's property market has shown stability over the past 12 months, with house values experiencing a modest increase of 1.5%, bringing the median house price to $755,000. Unit values have remained unchanged, maintaining a median price of $420,000. This indicates a steady demand for both property types in the area.
Sales activity has been consistent, with 54 houses and 19 units sold over the last 12 months. Houses are selling faster than units, with a median of 52 days on the market compared to 64 days for units, suggesting a slightly stronger demand for houses.
In the rental market, Maidstone has seen a notable increase in unit rents, which have risen by 9.6% over the past year, while house rents have increased by 1.7%. This reflects a growing demand for rental units in the suburb.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $755K | $420K |
Change in value Past 12 months | 1.5% | -0.1% |
Sold Past 3 months | 54 | 19 |
Median days on market Past 12 months | 52 | 64 |
Average rent Past 12 months | $610 | $493 |
Change in rent Past 12 months | 1.7% | 9.6% |
5 year median price trend for houses and units
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 has shown moderate growth, with house rents increasing by 1.7% over the past year to $610 per week, while unit rents have seen a more significant rise of 9.6% to $493 per week. This indicates a growing demand for units, making Maidstone an attractive option for renters and investors seeking affordable opportunities in a well-connected suburb.
Suburbs near Maidstone
Some popular suburbs near Maidstone include:
How does Maidstone compare to nearby suburbs?
- Median house prices: Maidstone’s median house price is 24.5% lower than West Footscray’s.
- Median unit prices: Maidstone’s median unit price is 7.7% higher than West Footscray’s.
- House price growth: Over the past 12 months, house prices in Maidstone have grown 2.7% higher than in Footscray.
- Unit price growth: Over the past 12 months, unit prices in Maidstone have grown 8.2% higher than in West Footscray.
- Selling speed for houses: Properties in Maidstone are selling 8.8% faster than in West Footscray.
- Selling speed for units: Properties in nearby West Footscray are selling 42.2% faster than in Maidstone.
- Investment considerations: In Maidstone, the rental yield for house is 1.9% lower than the Melbourne average, while the rental yield for units is 14.4% lower.
- House price growth: Over the past 12 months, house prices in Maidstone have grown 24.7% lower than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Maidstone have grown 26.1% lower than the average rate of growth for units across Melbourne.

