East Maitland

POSTAL CODE: NSW, 2323

HOUSE

UNIT

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 $795,000.

The upward trend in home prices in EAST MAITLAND, 2323 averaged 2.97% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.06% increase in returns based on the current median price in EAST MAITLAND.

An average of 18.58 real estate transactions take place per month in EAST MAITLAND which translates to 223 per annum.

223 properties were sold in EAST MAITLAND in 2016, making it the 849th most active market in NSW based on total real estate transactions.

EAST MAITLAND, 2323 places 263rd 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 $560,000.

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 7.18% for the past year.

Investors saw the median home price rise to $560,000.

The upward trend in home prices in EAST MAITLAND, 2323 averaged 4.76% per annum over a 3-year period.

EAST MAITLAND now ranks at the 119th 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 $500 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 31.8 days.

66 properties were sold in EAST MAITLAND in 2016, making it the 79th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$795,000	$560,000
Growth Report
Median Quarterly	5.09%	4.67%
Median 12 month	9.66%	7.18%
Median 3 years	8.9%	14.29%
Median 5 years	53.62%	43.96%
10 years average annual	7.93%	7.17%
Weekly media advert. rent	$620	$500
Time on Market	51 days	31.8 days
Gross Rental Yield Percent	4.06%	4.64%

Demographics (Median Values)*

Total Population 25735

Weekly Household Income 1287

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1700

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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