MAITLAND PROPERTY REPORT SPRING 2023 Courtesy of Ray White Maitland
Year-on-year, we are now recording the strongest growth since July 2022. Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months. While there was speculation that house price growth would slow once more properties became available for sale, this doesn’t seem to be the case. Buyer demand remains robust, despite finance costs and the relative difficulties in getting a home loan compared to 18 months ago. In July, we saw prices decline slightly but this was more than reversed in August. The July fall was likely due in part to the surprise interest rate rise in June, as well as the first increase in properties available for sale. In August, the markets that saw the biggest price falls last year saw the biggest increases last month. While surprising that demand for housing is so high in such a high interest rate environment, it reflects strong population growth and a reduction in new home construction. Continuing strong rental growth conditions are leading more people to consider buying their own homes, while a lack of new home builds are pushing more into the established home market. With interest rates at or close to peak, it’s likely greater certainty about where rates will settle will also be a factor. 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 $525,000 $795,000 $780,000 $620,000 $430,000 $700,000 $650,000 $785,000 1/49 Karuah Street, Thornton 3 1 2 12 Portsmouth Place, Raworth 4 2 3 5 Wakehurst Crescent, Metford 5 3 4 46 Carrington Street, Horseshoe Bend 3 1 1 5/8 Port Cove, Gillieston Heights 2 1 1 91 Maize Street, Tenambit 4 1 2 14 Unicomb Close, Rutherford 4 2 1 3 Sturt Street, East Maitland 4 2 4
SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD $785,000 $595,000 $665,500 $640,000 $840,000 $585,000 $710,000 $745,000 20 Bella Street, Horseshoe Bend 3 2 0 9 Bottlebrush Close, Metford 4 2 1 44 Squadron Crescent, Rutherford 4 2 2 17 Lupin Close, Metford 4 1 2 229 Denton Park Drive, Aberglasslyn 4 2 4 18 Frater Avenue,Tenambit 4 2 1 35 Sinclair Street,East Maitland 4 1 3 104 Brisbane Street, East Maitland 4 2 2
Source: Pricefinder 1 July - 30 September 2023 3. 2. 2321 2322 2323 2320 4. 1. 168 NUMBER OF HOUSES SOLD $380,000 $370,000 $387,000 $360,000 LOWEST HOUSE PRICE SALES 76 84 93 HIGHEST HOUSE PRICE SALES $1,900,000 $1,500,000 $2,000,000 $2,020,000 MEDIAN HOUSE PRICE SALES $718,750 $730,500 $675,000 $715,000 FAST FACTS | House sales in postcodes 2320 | 2321 | 2322 | 2323
“I would highly recommend Mark Roffey at Ray White Maitland to anyone looking to buy or sell real estate in the area. His exceptional communication skills, market knowledge, and commitment to providing outstanding service make him a standout real estate agent. If you want a stress-free, successful experience, Mark is the agent you can trust. In addition to Mark’s professionalism and expertise, his friendly and approachable demeanour made working with him a pleasure. He truly cares about his clients needs and works tirelessly to achieve their goals. I felt like more than just a transaction; I felt like a valued partner in the journey to sell our home. Thank you, Mark, for making the sale of our home such a positive and rewarding experience.” Gary Williams “Our experience with Sharon at Ray White Maitland was exceptional. She made buying our first home an absolute pleasure with her warm and incredibly helpful approach. At no point did she ever push us, and we felt supported throughout the entire process. Sharon was always there to answer any questions we had, and we wholeheartedly recommend her. Her dedication to going above and beyond even made the home buying process unexpectedly fun but also ensured that we won’t soon forget this experience.” Bronte Seville “It was a pleasure dealing with Kay during the sale of Mum’s house. She was friendly and supportive & kept us informed throughout the process. Thanks Kay, for your patience and well-considered advice.” Richard Johnson “This is the second home Todd Capon has sold for us, and we 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 wanting to list your home pressure you into signing on them, then they will put pressure on you to take less than you want BUT NOT with Todd. Todd took the time to understand us and then worked with us to maximise our asking price. Todd kept us informed all the way through, making what is a stressful process into a far more relaxed process. Well done Todd and thank you for a job well done.” Andrew Hirst 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 Kiralee Parrey Senior Property Manager 02 4934 7555 kiralee.parrey@raywhite.com Amber Allen Property Manager 02 4934 7555 amber.allen@raywhite.com Lara Baxter Property Manager 02 4934 7555 lara.baxter@raywhite.com Ray White Maitland 90 Lawes Street, East Maitland NSW 2323 (02) 4934 7555 raywhitemaitland.com.au YOUR RAY WHITE TEAM Prue Avery Reception/Sales Administration 02 4934 7555 maitland.nsw@raywhite.com
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