It seems ironic, that with the highs and lows of the fluctuating property market, Maitland’s stability that could be its biggest selling point.
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One real estate agent told the Mercury yesterday that Maitland seemed to be surrounded by a buffer that blocked the fluctuating price cycles of Newcastle and Sydney.
He said the difference between the cheapest and most expensive points in Maitland’s cycle aren’t as big as in those larger cities.
But that isn’t a problem because, according to another agent, the same standard of home for sale in Newcastle for $500,000 would cost about $350,000 in the Maitland region.
This presents a great opportunity for first home buyers and makes Maitland the ideal place to enter the property market.
Only 30 minutes drive from Newcastle in one direction and wine country in the other, plans for major infrastructure and service upgrades in the next decade are also major drawcards for Maitland.
The new hospital at Metford, expected to be between the scale of John Hunter Hospital and The Mater, is another plus for people considering making their home in Maitland.
That’s before mentioning Maitland City Council’s multi-million dollar mall upgrade and Stockland Green Hills’ plans for a Myer department store, which are game-changers for business and retail in the region and create more job opportunities.
The Hunter Expressway has also made the Upper Hunter and Newcastle more accessible.
So with the traditional reasons for people to turn their noses up at living outside a major city quickly disappearing in Maitland and great value available in the local property market, now is the time to buy.