Suburb Profile Report for Metford NSW (2323)

Metford House: Median price $353,000, Annual capital growth 2.76%, Number of sales 48, Weekly median advertised rent $360

Metford Unit: Median price $293,000, Annual capital growth 4.46%, Number of sales 19, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Metford, 2323 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.86%.

If we look at median property appreciation over just the last three months, Metford has given property investors a paper return of 0.00%. This puts Suburb as 1085 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Metford is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 755th in terms of most discounted suburbs in NSW

Metford, 2323’s gross rental yield is 5.30%

If you compare the increase in value of investment property in Metford, 2323 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.33%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Metford has fallen somewhat when compared to the 5 year average annual rate.

At number 81th of NSW’s most discounted properties, Metford is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Situated 100.92km from the CBD, Metford is one of Maitland localities in the postcode 2323.

Metrics i HOUSE UNIT
$353,000 $293,000
0.00% -6.98%
0.86% 7.33%
2.76% 4.46%
$360 $300
48 19
5.30% 5.32%
61.9 100.66

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 4871
Median household income ($/weekly) 1170
Median age of persons 31
Median housing loan repayment ($/monthly) 1670
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 739 15.2
    25-34 years 743 15.3
    35-44 years 711 14.6
    45-54 years 617 12.7
    55-64 years 496 10.2
    Others 1566 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 1577 46.1
    Not Married 1410 41.2
    Defacto Relationship 433 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4214 90.7
    Indonesia 41 0.9
    Papua New Guinea 38 0.8
    United Kingdom 89 1.9
    Other 81 1.7
    Others 184 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 3598 79.6
    Hinduism 41 0.9
    Islam 21 0.5
    Other Religious Groups 27 0.6
    No Religion 818 18.1
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 158 10.0
    $600-$799 173 10.9
    $800-$999 158 10.0
    $1,000-$1,249 181 11.4
    $1,500-$1,999 239 15.1
    Others 673 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1383 39.4
    Not in the labour force 1201 34.2
    Employed, worked part-time 670 19.1
    Unemployed, looking for work 139 4.0
    Employed, away from work 115 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 264 12.2
    Technicians & trades workers 414 19.1
    Clerical & administrative workers 333 15.4
    Machinery operators & drivers 260 12.0
    Labourers 275 12.7
    Others 621 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 121 9.6
    Infants/Primary 474 37.5
    Secondary 353 27.9
    Technical or Further Educational Institution 145 11.5
    University or other Tertiary Institutions 140 11.1
    Others 30 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4322 93.0
    Flat, unit or apartment 235 5.1
    Semi-detached, row or terrace house, townhouse 92 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 715 42.6
    Rented 596 35.5
    Fully owned 361 21.5
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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