Deceptive Marketing Disputes Rise In Hot Qld Market
A booming property market in South-East Queensland has brought with it a rising number of legal disputes over how proper...
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 $665,000.
The upward trend in home prices in EAST MAITLAND, 2323 averaged 11.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $457.5 mark, reflecting a 3.58% 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 785th most active market in NSW based on total real estate transactions.
EAST MAITLAND, 2323 places 1025th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.88%||14.4%|
|Median 3 years||33.27%||34.34%|
|Median 5 years||69.43%||60.65%|
|10 years average annual||7.47%||4.97%|
|Weekly media advert. rent||$457.5||$350|
|Time on Market||34.2 days||32.6 days|
|Gross Rental Yield Percent||3.58%||4.09%|