Maitland Property Report W I N T E R 2 0 2 2 Courtesy of Ray White Maitland
The Australian market is high functioning with high turnover, with not too much of a gap between buyers and sellers. We know we’re in a new cycle but there are a number of reasons why prices aren’t likely to drop dramatically. Since the RBA flagged the start of their monetary policy tightening cycle, borrowers were told to expect four to five interest rate rises. Some pundits are now predicting up to 20% price falls in some markets off the back of the supersized, inflation-busting rate rise. These were also the same pundits who were predicting 30% falls at the start of the pandemic. We’ve always said that we don’t have a crystal ball to predict the future. We work in the ‘now’. More worrying is a prolonged period of high inflation - which will no doubt lead to lower rates of household saving and may potentially weaken a prospective borrower’s ability to meet serviceability assessments from lenders. What we know right now is that our all critical appraisal numbers are up 62% on two years ago and 22% higher than last year. This gives us confidence that the spring pipeline is looking strong. Our volume of sales are also up on two years ago too. Scheduled auctions across our group remain higher over the last two years. The average days on market right now is 37, which is still a week shorter than it was five years ago. Our job has always been the same. To create competition for our sellers - and we can do that in any market. The process remains the same to market our properties as far and widely as possible for our sellers. We’ve never lost sight of that. 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 $845,000 $1,055,000 $830,000 $787,500 $735,000 $760,000 $635,000 $730,000 40 Laurie Drive, Raworth 2 2 4 54 Laurie Drive, Raworth 2 3 4 25 Honeyoak Drive, Aberglasslyn 2 2 4 57 James Street, Morpeth 1 1 3 4 Robert Street, Tenambit 2 2 4 16 Arrowgrass Street, Aberglasslyn 2 2 4 97B South Seas Drive, Ashtonfield 1 1 3 3 Collinson Street, Tenambit 2 2 4
SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD $887,500 $1,030,000 $682,000 $650,000 $950,000 $835,000 $710,000 $725,000 30 Ballydoyle Drive, Ashtonfield 2 3 4 3 Radiant Avenue, Largs 2 2 5 158 Aberglasslyn Road, Rutherford 2 2 4 9 Toona Place, Metford 1 3 4 150 Wilton Drive, East Maitland 2 2 4 28 Budgeree Drive, Aberglasslyn 2 3 5 74 Main Road, Heddon Greta 2 1 3 252 Paterson Road, Bolwarra Heights 2 2 3
Source: Pricefinder 23 March - 23 June 2022 3. 2. 2321 2322 2323 2320 4. 1. 183 NUMBER OF HOUSES SOLD $275,000 $275,000 $280,000 $185,000 LOWEST HOUSE PRICE SALES 87 85 113 HIGHEST HOUSE PRICE SALES $1,456,000 $1,600,000 $1,150,000 $2,550,000 MEDIAN HOUSE PRICE SALES $807,557 $680,000 $691,000 $705,000 FAST FACTS | House sales in postcodes 2320 | 2321 | 2322 | 2323
“Sharon Skelton made the entire process smooth and effortless. Her communication, professionalism and willingness to go the extra mile made selling my home easy and actually enjoyable. I cannot recommend Sharon, Prue and the entire Ray White Maitland team enough.” Sarah “We bought a house through Ray White six years ago and the agent (Sharon) was so friendly and helpful. She kept in touch with us over our time in the house, reminding us of our purchase anniversary and wishing us a Merry Christmas each year without fail. When it came time to sell she was our first choice of agent and she delivered. Always available for advice and always practical in terms of what we needed to do.” Mark “This is the second home Todd Capon has sold for us, and would use no one else. On each occasion Todd has exceeded our asking price and has found a buyer quicker than we thought possible. We want our agent to represent us and our home in a no fuss, professional manner. Many agents want to pressure you into signing on them, then put pressure on you to take less than you want - but not Todd. He took the time to understand us and then worked with us to maximise our price. Todd kept us informed all the way through to the final outcome, making what is a stressful process into a far more relaxed process.” Andrew & Erica “Kay Perry was very responsive, accommodating and helpful at all times. She even went above and beyond by managing to negotiate a simultaneous settlement date with the vendor so that we could move out of our previous residence and into our new home on the same day, and when we arrived we found two wonderful bottles of wine and two dining vouchers. Thanks Kay, we love our new home.” Judith “Mark Roffey and his team were completely professional from beginning to end. Mark is a confident agent who knows the real estate business exceptionally well. He is grounded and honest, and was seamlessly able to deal with anything that came along. Mark goes above and beyond to make ALL parties feel comfortable, regardless of the situation, and assist in any way he can. I would recommend Mark and his team at Ray White to anyone.” Cate A WORD FROM OUR CLIENTS
Mark Roffey Principal 0439 463 864 mark.roffey@raywhite.com Shaynell Torode Executive assistant to Sharon Skelton 0432 044 450 shaynell.torode@raywhite.com Sharon Skelton Sales Consultant 0402 433 317 sharon.skelton@raywhite.com Brayden Bean Executive assistant to Mark Roffey 0475 124 878 brayden.bean@raywhite.com Kay Perry Sales Consultant 0457 072 768 kay.perry@raywhite.com Todd Capon Sales Consultant 0416 104 164 todd.capon@raywhite.com Jessica O’Donoghue Portfolio Manager 02 4934 7555 jessica.odonoghue@raywhite.com Eliza Hallett Portfolio Manager 02 4934 7555 eliza.hallett@raywhite.com Amber Allen Property Officer 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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