Maryville Property Management

18 Sep 2019
Jon Byrne

Maryville is a suburb of Newcastle in New South Wales, Australia. It is located 4 km. from the Central Business District (CBD). Maryville has a population of around 1,419 as per 2016 census. The suburb was named after Mary Hannell and was earlier known as Smedmore. Houses in Maryville take an average of 112 days before selling and the average time for a unit to sell is 55 days. Maryville and Wickham suburbs are situated close to each other and separated by oil depot sites and large warehouses along and off Railway Street. Hamilton Public Library and Newcastle Region Library in Laman Street are the closest to Maryville. Maryville has good public transport with at least one medium frequency bus route to the CBD.

Real Estate in Maryville
Median selling price for houses in Maryville is $758,500. This is at a rise of 6.8% compared to previous year. Median selling price of homes in 2017-18 was $713,500. A total of 26 houses recorded sales were made in the period of Apr 2018 - Mar 2019. Buying homes is a good investment here as property rates are growing steadily. The sale of homes here peaks in May, July, September and November. Average rental for homes is $410 per week. Rentals are growing at 2.8% annually. Number of current home rentals is 38. For units, median selling price is $872,500 which is at a dip of -3.9% as compared to last financial year. The average median price in the previous year was $907,500. There were 22 sales last year. Current median weekly rent is $510 at a growth of 3% based on 17 rentals last year. Maryville has good real estate investment opportunities, both purchases and rentals, that are perfect for property management.

Population in Maryville
Maryville has a largely younger population. Families include 44% couples. 33% of them have no children, and 22% are single-parent homes. Seniors above the age of 60 are about 280 people. Between 40 to 59 years, there are 380 people, and between 20 to 39 years there are more than 520 people. Below 5 years, there are 80 little kids and babies while between 5 to 19 years, there are 175 children and teens. Weekly household income is $1500+ for about 280 people. The same is between $500 to $1449 per week for another 240 people. The remaining working population earns below $499 per week. 42% of the suburb’s residents are employed in full-time work while 19% are part-time workers. 64% of them drive their car to work and 6% commuted by bicycle. 27% of them are not in labour force accounting for the students and babies and 2% people are unemployed. As far as homes are concerned, 31% homes are fully owned. 34% people are purchasing homes and 33% are renting accommodations. When we look at dwelling structures, 68% are separate houses, 8% are flats and 24% are semis/terraces. If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments.

For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. 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

Maryville Property Management

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