Located in Victoria within the Central Goldfields local government area, Maryborough is a mid-sized suburb (postcode 3465). It is home to about 8,160 residents, with a mature demographic and a median age of 51. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
Maryborough has a median house price of $379,000, which has softened modestly by 2.3% year-on-year. Units have a median price of $259,000 (-15.8% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,000.
Maryborough is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 3 rail stations, 82 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Central Goldfields LGA is higher than average at 10,450 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.2% (high yield). Property prices sit below the state median ($379K/$875K), which can point to relative value. The price-to-income ratio of 8.3x is considered moderate. House prices have moved -2.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.