EAST MAITLAND, 2323 ranks 513th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.17% for property investors.
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 $467,500.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 8.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.23% increase in returns based on the current median price in EAST MAITLAND.
An average of 16.5 real estate transactions take place per month in EAST MAITLAND which translates to 198 per annum.
198 properties were sold in EAST MAITLAND in 2016, making it the 916th most active market in NSW based on total real estate transactions.
EAST MAITLAND, 2323 places 228th in Australia based on median property value growth during the quarter.
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 $327,500.
Average median unit prices in NSW have risen as a whole, pulling EAST MAITLAND, 2323 values up and netting property investors a capital gain of 12.35% for the past year.
Investors saw the median home price rise to $327,500.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 2.9% per annum over a 3-year period.
EAST MAITLAND now ranks at the 250th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAST MAITLAND are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In EAST MAITLAND, homes and units usually stay on listing for an average of 70.1 days.
58 properties were sold in EAST MAITLAND in 2016, making it the 93rd most active market in NSW based on total real estate transactions.
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