Average price trends
813,600
Feb
799,000
Mar
816,475
Apr
What are the property taxes in Newcastle - Maitland and are there any other ongoing costs I should consider?
In Newcastle - Maitland, NSW, property tax is based on land value, not building value. Expect to pay council rates, typically ranging from $ 1,200 AUD to $ 3,000 AUD annually. Factor in water and sewage fees, approximately $ 900 AUD yearly, and ongoing maintenance costs. For exact rates and taxes, consult revenue.nsw.gov.au. Always consider potential strata fees if buying an apartment or townhouse.
What types of upfront costs and fees will I have to pay when purchasing a property in Newcastle - Maitland?
When purchasing a property in Newcastle - Maitland, NSW, Australia, expect to pay for stamp duty, legal/conveyancing fees, building and pest inspection costs, loan application fees, and possibly Lenders Mortgage Insurance (LMI) if your deposit is less than 20% of the property's value. Costs can vary greatly, so it's essential to budget for these upfront expenses.
How does the Newcastle - Maitland property market compare to ther regions in the Australia?
In Newcastle - Maitland, the median house price is approximately $ 950,000 AUD, offering a more affordable alternative to Sydney’s median of $1,410,133 AUD and slightly less than Melbourne's average of $1,004,500 AUD. This indicates a competitive market that balances accessibility with the growth potential of New South Wales' vibrant regional centers.
How competitive is the Newcastle - Maitland property market?
The property market in Newcastle - Maitland, New South Wales, is highly competitive, with demand exceeding supply. As of a recent report, the median house price rose to $ 950,000 AUD, marking a significant annual increase. Properties in desirable suburbs are often sold within just a few weeks of listing, reflecting the tight competition among buyers. An example includes the suburb of Merewether, where beachfront properties are particularly sought-after, reaching prices up to $ 5 AUD million AUD.
