If you’re thinking about getting into the Maitland property market as an owner-occupier or investor, it’s important to do your research. Here’s an overview of the latest available statistics.
Median Maitland property prices
The median property price for Maitland houses is now over $500,000, while units are over $400,000. Those prices makes it among the more affordable in regional New South Wales. It has experienced steady growth over the last 12 to 18 months.
Median property prices are influenced by factors such as the size of the home and its location. The more bedrooms and the more land, the higher the price, and vice versa.
The vast majority of homes are free-standing houses with 3 bedroooms or more. Approximately 60% of residents are owner-occupiers, versus 40% renters. Median rent in for homes is approximately $420 per week for houses and $365 per week for units.
Demographics
Maitland has a population of about 80,000, with an average age of 36 at the last Census. It has a diverse mix of residents that are fairly evenly spread among older couples and families, established couples and families, and independent youth. These are two public schools and one private school in the area.
Location
Maitland is just over two hour’s drive north of Sydney by car via the M1, and it’s about half an hour inland and north-west of Newcastle. It borders the Hunter River.
Maitland is classed as being part of the Hunter Valley region, along with Newcastle, Lake Macquarie, Cessnock, Port Stephens, Singleton, Musswellbrook, Upper Hunter and Dungog.
How we can help
If you’re looking to buy a Maitland home to live in yourself or to have as an investment property, talk to us. Our licensed and experienced brokers at Wisebuy Investment Group can help you to find the right loan for your needs. We can also help you with your loan application.
We service a diverse range of clients in the popular Newcastle, Maitland and Lake Macquarie areas. Our experienced mortgage brokers work with more than 60 lenders in the Australian market.
Contact us today for an obligation-free chat to find out more. We’d be happy to answer any questions you have and to explore your finance options with you.
