Maryland Property Management
Maryland is a suburb of Newcastle in New South Wales, Australia. It is located 14 km. from the Central Business District (CBD). Maryland has a population of around 7,694 as per 2016 census. Maryland started out as an agricultural area. Residential development started only in the 1970s. Today, it is a residential suburb with an outlook on the wetlands. Maryland has two schools – Glendore Public School and Maryland Public School along with Bishop Tyrell Anglican College.
Fletcher Park here has sporting fields and pony club. There are many Reserves here like Maryland Drive Reserve and Tumpoaba Reserves. There is a skate ramp as well. One drawback is a lack of transport options here.
The closest library for Maryland’s residents is Wallsend District Library in Wallsend. This suburb boasts of many good heritage properties.
Real Estate in Maryland
Median selling price for houses in Maryland is $512,500. This is at a growth of 1.9% compared to previous year. Median selling price of homes in 2017-18 was $503,000. A total of 93 houses recorded sales were made in the period of Apr 2018 - Mar 2019. Buying homes is a good investment here as prices are low currently. The sale of homes peaks in February, April, July and November. Average weekly rental for homes is $400. Rentals are growing at 4.1% annually. Number of current home rentals is 98.
For units, median selling price is $398,750 which is at a dip of -14.2% as compared to last financial year. The average median price in the previous year was $465,000. There were 34 sales last year. Current median weekly rent is $375 at a growth of 4.9% based on 26 rentals last year. On an average, houses in Maryland take 42 days and units take 53 days to sell. Maryland has decent real estate investment opportunities that are perfect for property management.
Population in Maryland
Maryland has a mix of younger and older people. Families include 50% couples. 31% of them have no children, and 18% are single-parent homes. Seniors above the age of 60 are about 1300 people. Between 40 to 59 years, there are 2200 people, and between 20 to 39 years there are about 2000 people. Below 5 years, there are 500 little kids and babies while between 5 to 19 years, there are 1700 children and teens.
Weekly household income is $1500+ for about 1200 people. The same is between $500 to $1449 per week for another 900 people. The remaining working population earns below $499 per week. 41% of the suburb’s residents are employed in full-time work while 21% are part-time workers. 76% of them drive their car to work and 2% work at home. 29% of them are not in labour force accounting for the students and children and 3% people are unemployed.
As far as homes are concerned, 30% homes are fully owned. 46% people are purchasing homes and 21% are rented accommodations. When we look at dwelling structures, 91% are separate houses, 1% are flats and 8% are semis/terraces. If you are looking for good property managers, No Bull Real Estate is the right choice for you. They specialise in Property Management and real-estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au