Maffra is a mid-sized suburb in Victoria within the Wellington local government area (postcode 3860). With a population of 5,384, the suburb has an established demographic with a median age of 42. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Maffra is $435,000, having increased 2.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Maffra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 16 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Maffra offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($435K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +2.4% year-on-year.
Maffra is a mid-sized suburb in Victoria within the Wellington local government area (postcode 3860). With a population of 5,384, the suburb has an established demographic with a median age of 42. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Maffra is $435,000, having increased 2.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Maffra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 16 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Maffra offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($435K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +2.4% year-on-year.