Hunter Valley Property Factsheet 2nd Half of 2018
The Hunter Valley is a more attractive and affordable investment option to Sydney Metro, while also boasting higher returns.
The Hunter Valley is a more attractive and affordable investment option to Sydney Metro, while also boasting higher returns.
In Q2 2018, Hunter Valley recorded a median price of $460,000 (houses) and $345,000 (units), representing an annual price change of 4.7% and 13.1%, respectively. Compared to the Hunter Valley 1st Half 2018 Research Factsheet, which reported an annual (Q4 2016-Q4 2017) price change of 8.4% (house) and 17.5% (units), properties in Hunter Valley has become more affordable. This is great news for buyers wanting to enter the market.
Over the past 12 months to Q2 0218 Maitland City Council Local Government Area (LGA) median house prices grew by 1.6% to $465,000 and median unit prices softened by -1.4% to $345,000. Hunter Valley median prices are on par with Maitland City Council LGA, however with stronger capital growth.
In the past 12 months to Q2 2018, median rent in Hunter Valley has remained stable for houses at $400 per week, while units have seen a strong growth of 12.9% to $350 per week. Investors have benefited from median rental yields of 4.6% and 4.8% for houses and units respectively. These are above levels experienced by the wider Hunter Region (3.9% and 4.6% respectively), as well as Sydney Metro (2.7% and 3.5% respectively).
