Maroubra Property Market Continues to Rise, Median Up By 22%

Maroubra Property Market
Photo Credit: Google Maps/Denis C

The Maroubra property market has continued to rise, with a 22 per cent median house price growth for the period October 2020 to September 2021. That’s almost double the rate of median growth for the previous period.


Highlights

  • The median house price in Maroubra rose by 22.22 per cent to $2,505,000 from October 2020 to September 2021.
  • Growth for the unit market was relatively flat, with a modest 2.92 per cent increase, to $932,500.

Maroubra Median House Price Growth

Data from Property Market Updates revealed that houses in Maroubra are now tracking a median price of $2,505,000 for the 12-month period ending September 2021. That’s up from $2,050,000 for the same period in the previous year. 



House listings in Maroubra stayed an average of 34 days on market, with 259 sold for the time period. Three and four-bedroom homes were in high demand among young families who are upsizing from apartments or semis to freestanding homes in the suburb.

Photo Credit:  Property Market Updates 

Compared to other Sydney locations, blocks of homes in Maroubra are bigger and with good value for money. There are still a few well-maintained old properties below the median house price, as well as sprawling old family homes that are ripe for renovation. 

Maroubra Unit House Price Growth

In contrast, the unit market in Maroubra has been relatively flat, with minimal growth of 2.92 percent for October 2020 to September 2021. The median unit price is $932,500 for the said period. That’s up from the median of $906,000 in the previous period.  

Though stocks are short compared to demand, there were 309 units sold during this period at 44 days on the market, per Property Market Updates. A total of 146 two-bedroom units were sold for this period. 

Photo Credit: Property Market Updates 

While apartments in Maroubra are found in various parts of the suburb, the highest concentration of units is in Maroubra Junction, close to the dining and shopping precinct. 

About Maroubra

Maroubra, which originated from the Indigenous word “Marubrah” for “lightning” or “thunder,” is also a diverse community with European, Asian and Middle Eastern families.

While there is a strong sense of family among the residents, Maroubra is mostly home for young people between the ages of 20 to 39 who are still finding themselves or starting their own families.

Nearly half of the locals are couples with children, which is closely followed by childless couples. More than three-fourths rent their homes in this suburb. On dry land, Maroubra has amenities like outdoor gyms across its numerous parks, and the occasional sports competition at the beach. The locale has a number of golf courses as well. 

Maroubra
Photo Credit: Google Maps

This beachside enclave is one of the most sought-after locations in Sydney to work, rest, or play because of its beautiful coastline and well-established shopping districts. A selection of unique shops and dining places cater to both residents and visitors.

As with many of its neighbouring suburbs in Sydney’s eastern suburbs, life in Maroubra revolves around the beach, which has been elevated to a prestigious status by the National Surfing Reserve. 



“Maroubra, been here for 18 years after moving from Randwick. Timing was perfect, family was growing up…the beach, parks, coastal walks, 4 golf courses, plenty of shops and restaurants within walking distance or a 5 minute drive, close to the airport, the list goes on. If you don’t know much about the area, it’s because the residents want to keep it to themselves.”

Royl8

“We lived in Bondi for many years and moved to the Bra in 2018. Best decision we ever made. Maroubra is friendly, has a gorgeous expansive beach and has a super relaxed beachy vibe. There are a multitude of shops everywhere – and you can easily park at all of them! (This is unlike any other eastern suburb and actually reduces a lot of stress) and there’s space everywhere.”

Sietzn

“Coastal suburb on the move. With vibrant new cafes, restaurants and boutique outlets…Maroubra is a changing cosmopolitan precinct. Wonder along the coast and have a nice walk, jump in for a swim and have lunch at the FeedBag its a perfect day out for families, couples and singles alike.”

Corrine