Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
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 $550,000.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 6.52% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.97% increase in returns based on the current median price in EAST MAITLAND.
An average of 17.17 real estate transactions take place per month in EAST MAITLAND which translates to 206 per annum.
206 properties were sold in EAST MAITLAND in 2016, making it the 925th most active market in NSW based on total real estate transactions.
EAST MAITLAND, 2323 places 361st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.11%||-3.4%|
|Median 3 years||19.57%||11.12%|
|Median 5 years||43.79%||29.38%|
|10 years average annual||4.35%||3.25%|
|Weekly media advert. rent||$420||$327.5|
|Time on Market||53.8 days||78.0 days|
|Gross Rental Yield Percent||3.97%||4.7%|