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Maribyrnong suburb profile

Maribyrnong is a vibrant suburb located approximately 8km northwest of Melbourne's CBD, known for its scenic riverside views and diverse community. The suburb offers a mix of residential, commercial, and recreational spaces, including the popular Highpoint Shopping Centre, one of the largest in the region. Maribyrnong is home to picturesque parks and walking trails along the Maribyrnong River, providing ample opportunities for outdoor activities. With a variety of housing options, from modern apartments to traditional homes, and excellent public transport links, Maribyrnong is a sought-after location for families, professionals, and students alike.

Maribyrnong property market performance

Maribyrnong's property market has shown stability over the past 12 months, with house values increasing by 4.3% and unit values remaining unchanged. The median house price over the past three months has averaged $1.1 million, while units have averaged $507,500, indicating a steady demand for both property types.

Sales activity has been robust, with 28 houses and 54 units sold in the past three months. However, properties are taking longer to sell, with a median of 50 days on the market for houses and 56 days for units, suggesting a cautious approach from buyers.

The rental market in Maribyrnong has experienced notable growth, with house rents increasing by 6.8% and unit rents by 8.7% over the last 12 months, reflecting a strong demand for rental properties in the area.

Median price - houses$979KPast 3 months

Median price - units$516KPast 3 months

Change in value - houses3.9%12 months

Change in value - units-2.6%12 months

Houses sold24Past 3 months

Units sold47Past 3 months

Median DOM - houses46.5Past 12 months

Median DOM - units58Past 12 months

Average rent - houses$650Past 12 months

Average rent - units$500Past 12 months

Change in rent - houses8.5%Past 12 months

Change in rent - units6.4%Past 12 months

Maribyrnong demographics

Maribyrnong, located in Melbourne's inner-west, is a suburb that offers a blend of urban convenience and suburban tranquility. Known for its proximity to the Maribyrnong River and Highpoint Shopping Centre, it attracts a diverse range of residents, from young professionals to families. The median age of 36 suggests a mature community, with many residents enjoying the balance of work and leisure that the suburb provides.

The suburb's housing landscape is varied, with a significant portion of properties being owned outright (26.2%) or with a mortgage (35.1%). This indicates a stable community with a mix of long-term residents and new homeowners. Additionally, 38.7% of properties are rented, appealing to those seeking flexibility, such as students and young professionals. The presence of the Victoria University campus nearby further enhances its appeal to the student demographic.

Family life is a prominent feature of Maribyrnong, with 43% of households being couple families with children, and 40.9% being couple families without children. This family-friendly environment is complemented by parks, schools, and recreational facilities, making it an attractive option for those looking to settle down. The suburb's vibrant community, combined with its accessibility to Melbourne's CBD, makes Maribyrnong a desirable place to live for a wide range of individuals and families.

Maribyrnong infrastructure, key developments and investment opportunities

Maribyrnong is undergoing significant developments that could impact its property market. The planned transformation of the 128-hectare former Maribyrnong Explosives Factory site is set to bring 3,000 new homes, open parkland, and shops to the area, potentially boosting property values and attracting new residents. This major project, while delayed, is expected to take 10-15 years to complete once construction begins.

The suburb's connectivity is improving with ongoing enhancements to the Maribyrnong River Trail for cyclists and pedestrians. Additionally, Maribyrnong City Council has implemented a 10-year strategy to encourage more cycling by developing infrastructure and public education initiatives. These improvements in green spaces and active transport options are likely to enhance the area's livability and appeal to potential homebuyers and renters.

Maribyrnong rental market trends

The rental market in Maribyrnong has experienced moderate growth, with house rents increasing by 6.8% over the past year to $630 per week, while unit rents have risen by 8.7% to $500 per week. This suburb continues to attract renters and investors alike, thanks to its strategic location and ongoing development in local infrastructure and amenities.

Suburbs near Maribyrnong

Some popular suburbs near Maribyrnong include:

Common questions about Maribyrnong

  • Is Maribyrnong a nice place to live?

    Maribyrnong is a delightful suburb that offers a harmonious blend of urban convenience and suburban tranquility. Its vibrant atmosphere is complemented by the scenic beauty of the Maribyrnong River, making it a charming place to call home. The suburb is known for its diverse community, which adds to its lively and welcoming vibe. Families are particularly drawn to Maribyrnong due to its family-friendly environment, with plenty of parks, schools, and recreational facilities that cater to both young children and teenagers.

    Living in Maribyrnong means having easy access to a variety of amenities. The suburb is home to the popular Highpoint Shopping Centre, offering a wide range of shopping, dining, and entertainment options. Additionally, the area boasts excellent public transport links, making it convenient for commuting to Melbourne's CBD and other parts of the city. Safety is generally not a major concern, and the suburb's community-oriented feel provides a sense of security for residents.

    While Maribyrnong offers many benefits, there are some trade-offs to consider. The ongoing developments, such as the transformation of the former Maribyrnong Explosives Factory site, promise to bring new homes and amenities but may also lead to increased property prices and construction-related disruptions in the short term. However, these developments are expected to enhance the suburb's appeal in the long run, making it an attractive option for those looking to invest in the area.

    Overall, Maribyrnong is a fantastic place to live for families, professionals, and students alike. Its combination of natural beauty, community spirit, and urban conveniences make it a desirable location for those seeking a balanced lifestyle. Whether you're enjoying a leisurely walk along the river or exploring the local shops and cafes, Maribyrnong offers a vibrant and fulfilling living experience.

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  • Is it expensive to live in Maribyrnong?

    Maribyrnong, located in Melbourne's inner-west, is a suburb that offers a mix of affordability and lifestyle, yet it's not without its financial challenges. The current median house price in Maribyrnong is around $1,100,000, which is quite significant compared to the average across Melbourne. Units in the area are more budget-friendly, with a median price of $507,500, making them a more accessible option for those looking to enter the property market.

    For renters, the average weekly rent for houses is $630, while units average $500. When you compare these figures to the average wage in the suburb, which is approximately $98,000 per year, it becomes clear that a considerable portion of income would be allocated to housing costs. This is notably higher than the median total household income weekly of $2,020, suggesting that living in Maribyrnong could be a stretch for some, especially for those earning closer to the state average wage.

    Overall, while Maribyrnong offers a vibrant community and convenient access to Melbourne's amenities, the cost of living, particularly in terms of housing, can be quite demanding. If you're thinking of living in Maribyrnong, it's essential to evaluate your financial situation to ensure it aligns with the expenses associated with this dynamic 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 Maribyrnong a good place to invest?

    Maribyrnong presents a promising opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a 4.3% increase in median house values, indicating steady capital growth. While unit values have remained stable, the rental market tells a different story. Rents for houses have increased by 6.8%, and units have seen an even more impressive rise of 8.7%. This suggests strong demand from renters, making it an attractive option for investors seeking reliable rental returns.

    The suburb's appeal is further enhanced by its proximity to Melbourne's CBD, offering convenient access to city amenities while maintaining a more relaxed suburban feel. This balance makes Maribyrnong a desirable location for both families and young professionals. The combination of steady property value growth and rising rental demand positions Maribyrnong as a solid investment choice, particularly for those looking to capitalize on rental yields.

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