Maitland Property Report AU T UMN 2023 Courtesy of Ray White Maitland
Many of us have taken a well-deserved break over the summer. Whether travelling overseas, domestically or simply enjoying taking it easy at home - as 2022 was a year of ups and downs - it felt as if a collective recharge was very much needed. As we start the new year, our appraisal and listing trends are following the typical seasonal incline, heading through into late summer. Currently, our new listing numbers are around 10% lower than this time last year, but almost in line with where they sat at the same time in 2021. Our appraisal numbers are 10% up on this time last year, which is an indicator that more new listings may come to the market. Some sellers have a perception that selling in spring and autumn can be advantageous due to weather and gardening conditions but in reality, there’s no ‘wrong’ time to buy or sell property. The factors that trigger buying or selling a home typically have nothing to do with seasons but are driven by much larger factors such as changes in work or family dynamics. While interest rate rises will no doubt continue to restrict some buyers’ borrowing capacity, there are still a few factors putting pressure on housing availability. We’re seeing more migration and international students returning to Australia. Add this to fewer new-builds due to supply chain issues with building materials, we’ll continue to have housing supply issues. While housing values have declined, they’ve not yet surpassed the boom in values during the pandemic, which peaked in March last year. According to Proptrack data, prices nationally are still 28.5% above their pre-pandemic levels. If you’re considering a move, buying or selling, give our expert team a call. We look forward to helping you realise your property goals. Mark Roffey Principal, Ray White Maitland WHAT’S HAPPENING IN OUR MARKET?
Are you curious to know the new value of your property in today’s market? Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. Yes, I’d like to receive: A sales market review An investment property market review Both An obligation free appraisal Please provide your contact details and email or post this form to us: Name Address Email Phone MARKET REVIEW EXAMPLE Or return the completed form to: 90 Lawes St, East Maitland Call us: 4934 7555 HOW MUCH IS MY PROPERTY WORTH?
RECENT SALES IN YOUR AREA SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD $715,000 $1,230,000 $680,000 $721,500 $1,100,000 $840,000 $870,000 $670,000 5 Station Street, Branxton 3 1 3 21 Laurie Drive, Raworth 4 2 3 24 Melaleuca Drive, Metford 3 1 2 2 Russell Street, Telarah 3 1 6 14 Boundary Road, Medowie 4 3 6 13 Mountain Street, Chisholm 4 2 2 70 Ballydoyle Drive, Ashtonfield 3 2 3 3 Marshall Avenue, Metford 3 2 4
SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD $600,000 $800,000 $970,000 $820,000 $665,000 $1,220,000 $790,000 $640,000 14 Rusden Close, East Maitland 3 1 1 25 Adam Avenue, Rutherford 4 2 4 14 Morinda Avenue, Largs 4 2 2 133 Wollombi Road, Farley 4 2 2 13 Heyes Street, Gillieston Heights 3 2 1 2 Windermere Place, Wallalong 4 3 8 13 Blackley Avenue, Raworth 4 2 2 1/132 George Street, East Maitland 2 2 2
Source: Pricefinder 6 December 2022 - 6 March 2023 3. 2. 2321 2322 2323 2320 4. 1. 114 NUMBER OF HOUSES SOLD $415,000 $355,000 $435,000 $425,000 LOWEST HOUSE PRICE SALES 75 80 83 HIGHEST HOUSE PRICE SALES $1,650,000 $1,800,000 $1,600,000 $2,170,000 MEDIAN HOUSE PRICE SALES $775,000 $677,000 $687,000 $690,000 FAST FACTS | House sales in postcodes 2320 | 2321 | 2322 | 2323
“Mark is a gem, an honest caring man who made a very difficult situation smooth and comforting. I would highly recommend Mark to anyone looking to buy or sell. His knowledge is phenomenal and his dedication is exceptional.” Kim “We originally purchased the property from Mark in 2003 and he sold the property in 2022. A no-fuss experience, the house sold quickly, and Mark and his team made the process a pleasant experience and took the stress out of selling. Mark has a vast knowledge of the market and ensured he communicated the process throughout. Would highly recommend Mark and the team from Ray White East Maitland.” Greg & Lynn “After a bad experience selling Dad’s house with a different agent, Kay was a breath of fresh air. Honest, straightforward and truthful. A very pleasant experience.” Kerrie “It was a great experience to have Todd as our estate agent, the communication was excellent and that makes a big difference as we felt like more than just another client. Would highly recommend Ray White and Todd Capon to anyone looking at selling or buying property.” Greg “Our experience with Todd was effortless, he was always available for any enquiries or concerns. Had our property sold for top dollar in no time. Have no hesitation in recommending Todd. Excellent.” Cheryl “Although I had never met Sharon prior to our property appraisal and then sale, she was warm and courteous and we instantly felt like friends. Sharon’s experience and expertise was soothing and reassuring during the sale of our property during uncertain times for us. She understood the character and beauty of our 100yr+ old home and knew how to showcase these features in a market flooded with new builds. Her honesty, integrity and proactive communication was amazing throughout the process.” Laura “I wanted to thank you for the support and assistance that Sharon has provided in helping me to achieve my first home. As a single mother, getting into the property market as a first time buyer is a stressful life event. With efficient communication between the vendor and buyer, Sharon has made this feel like such a smooth transition. Thank you for the kindness and patience in helping me take this first step in my new home.” Danielle A WORD FROM OUR CLIENTS
Mark Roffey Principal 0439 463 864 mark.roffey@raywhite.com Shaynell Torode Operations Manager 02 4934 7555 shaynell.torode@raywhite.com Sharon Skelton Sales Consultant 0402 433 317 sharon.skelton@raywhite.com Katherine Taranto Executive Assistant to Mark Roffey 0428 908 992 katherine.taranto@raywhite.com Kay Perry Sales Consultant 0457 072 768 kay.perry@raywhite.com Todd Capon Sales Consultant 0416 104 164 todd.capon@raywhite.com Carmen Jackson Senior Property Manager 02 4934 7555 carmen.jackson@raywhite.com Kira-Lee Orphin Senior Property Manager 02 4934 7555 kiralee.orphin@raywhite.com Breanna Anderson Reception/Sales Administration 02 4934 7555 breanna.anderson@raywhite.com Amber Allen Property Manager 02 4934 7555 amber.allen@raywhite.com Ray White Maitland 90 Lawes Street, East Maitland NSW 2323 (02) 4934 7555 raywhitemaitland.com.au YOUR RAY WHITE TEAM Lara Baxter Property Officer 02 4934 7555 lara.baxter@raywhite.com
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