Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $486,000.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 9.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 4.17% increase in returns based on the current median price in EAST MAITLAND.
An average of 22.25 real estate transactions take place per month in EAST MAITLAND which translates to 267 per annum.
267 properties were sold in EAST MAITLAND in 2016, making it the 754th most active market in NSW based on total real estate transactions.
EAST MAITLAND, 2323 places 368th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $486,000 | $328,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.36% | 0.84% |
| Median 12 month | 9.71% | 2.73% |
| Median 3 years | 27.48% | 15.96% |
| Median 5 years | 34.25% | 16.79% |
| 10 years average annual | 5.76% | 2.58% |
| Weekly media advert. rent | $390 | $300 |
| Time on Market | 40.4 days | 106.9 days |
| Gross Rental Yield Percent | 4.17% | 4.75% |
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