5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
EAST MAITLAND, 2323 ranks 3007th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1% 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 $505,000.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 5.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.12% increase in returns based on the current median price in EAST MAITLAND.
An average of 15.75 real estate transactions take place per month in EAST MAITLAND which translates to 189 per annum.
189 properties were sold in EAST MAITLAND in 2016, making it the 980th most active market in NSW based on total real estate transactions.
EAST MAITLAND, 2323 places 519th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $505,000 | $390,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.06% | 0.26% |
| Median 12 month | 1% | 14.29% |
| Median 3 years | 16.49% | 28.93% |
| Median 5 years | 32.46% | 39.29% |
| 10 years average annual | 3.46% | 5.88% |
| Weekly media advert. rent | $400 | $330 |
| Time on Market | 64.2 days | 71.2 days |
| Gross Rental Yield Percent | 4.12% | 4.4% |
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Sophisticated investors have traditionally held a mixture of residential and commercial properties in their portfolios, but today’s COVID-...
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...
Apartment rents have fallen off a cliff in Sydney and Melbourne, on the back of collapsing demand among internationals students and migrants...
The value of directly held assets by shopping mall owner Vicinity Centres contracted by $570 million on the back of the pandemic’s hammer ...
Despite a COVID-induced economic downturn, real estate remained resilient, ultimately emerging as one of the most in-demand jobs markets in ...
Get notifications in real-time for staying up to date with content that matters to you.
