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$672,500Past 3 months
Property growth-7.0%Past 12 months
Maidstone's property market has remained stable over the past 12 months, with no change in median house and unit values. The median house price stands at $825,000, while unit prices have not been recorded. Sales activity has been moderate, with 27 houses and 5 units sold in the past year. Properties are taking longer to sell, with houses on the market for a median of 97 days and units for 96 days, indicating a cautious buyer sentiment.
The rental market in Maidstone has shown some movement, with house rents remaining unchanged, while unit rents have increased by 6.4% over the last 12 months. The average rent for houses is $600, and for units, it is $500, suggesting a stronger demand for rental units in the area.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $825K | N/A |
Change in value Past 12 months | -3.9% | -10.1% |
Sold Past 3 months | 27 | 5 |
Median days on market Past 12 months | 97 | 96 |
Average rent Past 12 months | $600 | $500 |
Change in rent Past 12 months | N/A | 6.4% |
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 stability, with house rents remaining unchanged at $600 per week over the past year, while unit rents have experienced a 6.4% increase to $500 per week. This steady growth in unit rents reflects a consistent demand, making Maidstone an attractive option for renters seeking affordability and convenience 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 13.3% higher than Braybrook’s.
- Median unit prices: Maidstone’s median unit price is 32.3% higher than West Footscray’s.
- House price growth: Over the past 12 months, house prices in Maidstone have grown 0.8% higher than in West Footscray.
- Unit price growth: Over the past 12 months, unit prices in Maidstone have grown 3.1% higher than in Footscray.
- Selling speed for houses: Properties in nearby West Footscray are selling 42.3% faster than in Maidstone.
- Selling speed for units: Properties in Maidstone are selling 5.9% faster than in West Footscray.
- Investment considerations: In Maidstone, the rental yield for house is 2.9% lower than the Melbourne average, while the rental yield for units is 10.7% lower.
- House price growth: Over the past 12 months, house prices in Maidstone have grown 23.9% lower than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Maidstone have grown 23.5% lower than the average rate of growth for units across Melbourne.

