Metford

POSTAL CODE: NSW, 2323

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 16.35% capital gain.

It 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 $756,250

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $620.

Home owners selling their properties and realtors in METFORD usually have to wait an average of 21.2 days days before their assets are lifted off the market.

The NSW suburb ranks 169th on the list of best yielding suburbs for rental properties in NSW, posting a 4.26% return.

It also places places 410th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that METFORD, 2323 obtained a 5.56% growth over a ten-year period. It ranks 813th on our list of suburbs that property investors should look into.

METFORD, 2323 has a capital gain of -9.72% for the past year, which is lower than average compared to its 47.73% growth within a five-year period.

With the median home price in METFORD sitting at $487,500, and the average rent at $430, property owners could potentially earn a 4.59% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in METFORD are low, as opposed to average gains per annum over the past five years.

METFORD, 2323 in NSW belongs to the local government area of Maitland.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$756,250	$487,500
Growth Report
Median Quarterly	3.6%	-2.01%
Median 12 month	12.87%	-9.72%
Median 3 years	16.35%	16.07%
Median 5 years	68.06%	47.73%
10 years average annual	8.35%	5.56%
Weekly media advert. rent	$620	$430
Time on Market	21.2 days	30.9 days
Gross Rental Yield Percent	4.26%	4.59%

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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