Maryborough Property Market Update 2nd Half of 2021

In Q3 2021, Maryborough recorded a median house price of $300,000, and a median unit price of $235,000. This represents annual (Q3 2020 – Q3 2021) median price growth of 27.7% for houses and 17.5% for units. Between Q3 2020 – Q3 2021 total sales increased, by 25.1% for houses (to 224 sales) and by 75.0% for units (to 21 sales). Market conditions indicate real returns in capital investment and high demand, as median price growth occurred along-side increased sales volumes. Now is an ideal time for property owners and down-sizers to transact and capitalise on the market’s high demand.

Average vendor discounts between Q3 2020 and Q3 2021 have tightened for both property types, to -2.3% for house and -3.3% for units. Market conditions in Maryborough have now shifted to favour sellers, where buyers are more willing to offer closer to the first list price to secure their dream home. Now is an ideal time for vendors to sell.

In September 2021, house rental yields in Maryborough were recorded at an attractive 5.5%. In the 12 months to Q3 2021, the median house rental price increased by 15.3% to $340 per week, complemented with low average days on the market (14 days). There is a healthy rental market in Maryborough, with investors benefitting from a highly demanded market.

3 bedroom houses have provided investors with +11.9% rental growth annually, with a median rent of $330 per week.

Also in September 2021, Maryborough recorded a low vacancy rate of 0.2%, well below Fraser Coast LGA (0.9%) and Brisbane Metro (1.4%). Vacancy rates in Maryborough have continued on a declining trend over the past 12 months and remain well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. There is an increasingly higher rental demand and investors can be confident of a conducive investment environment in Maryborough.