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Maryborough suburb profile

Maryborough is a historic town in Victoria, known for its rich gold rush heritage and charming architecture. Situated approximately 168km northwest of Melbourne, it serves as a regional hub with a strong sense of community. The town boasts a variety of amenities, including schools, healthcare facilities, and recreational areas, making it ideal for families and retirees. Maryborough's picturesque streets are lined with heritage buildings, reflecting its vibrant past. The town's proximity to natural attractions and wineries adds to its appeal, offering residents and visitors a blend of history, culture, and scenic beauty.

Maryborough property market performance

Current median dwelling price$391,250Past 3 months

Property growth+11.3%Past 12 months

Maryborough's property market has shown varied performance over the past 12 months. House values have seen a modest increase of 3.8%, with the median house price now at $430,000. In contrast, unit values have surged by 24.5%, bringing the median unit price to $343,500, indicating a strong demand for units in the area.

Sales activity has been active, with 60 houses and 14 units sold over the past 12 months. Units are selling faster than houses, with a median of 40 days on the market compared to 62 days for houses, suggesting a quicker turnover in the unit market.

The rental market in Maryborough has also experienced notable changes, with house rents increasing by 4.5% and unit rents rising significantly by 14.5% over the last 12 months, reflecting a robust demand for rental properties, particularly units.

HousesUnits
Median price
Past 3 months
$438K$345K
Change in value
Past 12 months
5.6%17.0%
Sold
Past 3 months
5213
Median days on market
Past 12 months
6436
Average rent
Past 12 months
$400$355
Change in rent
Past 12 months
5.3%12.7%

5 year median price trend for houses and units

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Maryborough demographics

Maryborough, located in Victoria, is a charming regional town known for its rich history and welcoming community. With a population of 8,160, it offers a peaceful lifestyle that appeals to retirees and families alike. The median age of 51 reflects a mature community, with many residents enjoying the slower pace and close-knit atmosphere that Maryborough provides.

The town's housing market is characterized by a high rate of outright home ownership, with 45.8% of properties owned outright. This indicates a stable community with long-term residents who have settled in the area. Additionally, 25.3% of homes are owned with a mortgage, while 28.8% are rented, offering a range of housing options for different needs and preferences.

Family life in Maryborough is diverse, with 27.8% of families being couples with children and 48.9% being couples without children. One-parent families make up 21.8% of the community, highlighting the suburb's inclusive nature. The median total household income of $876 per week suggests a modest but comfortable living standard, typical of regional towns where the cost of living is generally lower than in metropolitan areas.

Maryborough's historical architecture, community events, and local amenities contribute to its appeal as a place to settle down and enjoy a relaxed lifestyle. Its combination of affordability, community spirit, and scenic surroundings make it an attractive option for those seeking a quieter life away from the hustle and bustle of city living.

Suburbs near Maryborough

Some popular suburbs near Maryborough include:

  • Daisy Hill: Known for its rural charm and scenic landscapes, Daisy Hill is located just to the north of Maryborough.
  • Carisbrook: A quaint town with historical significance, Carisbrook lies to the east of Maryborough.
  • Red Lion: Known for its peaceful countryside and agricultural roots, Red Lion is situated to the south of Maryborough.
  • Talbot: Famous for its monthly farmers' market and heritage buildings, Talbot is located to the southwest of Maryborough.
  • Homebush: A small locality known for its rural lifestyle, Homebush is situated to the northwest of Maryborough.

How does Maryborough compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Maryborough have grown 21.7% higher than in Carisbrook.
  • Selling speed for houses: Properties in nearby Carisbrook are selling 23.4% faster than in Maryborough.

Choose the right real estate agents in Maryborough

Currently, there are 24 real estate agents working in Maryborough—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 24 agents sold 70.3% of all properties in Maryborough over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Maryborough typically charge a commission of 2.13% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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