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Metford, NSW 2323

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Metford, NSW 2323 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Metford, NSW 2323”

  1. The total adult population (15 years or older) of Metford 2323 NSW is 3,762, with a median age of 35. Of those, 39.23% are married, 15.07% are divorced or separated, 41.63% are single and 4.09% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,004. The median monthly mortgage repayment for households in this suburb is $1,625 which is 23.20% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Metford, postcode 2323, is nestled in New South Wales and is home to an estimated 1983 households. In the third quarter of 2023, typical house prices in Metford are pitched at $619,507, while the median weekly rent sits at $511. Proficiently, this generates an indicative yield of 4.29%, surpassing the minimum market requirement of 3%, affirming Metford as a viable market for cashflow-centred property investors.

    Metford’s socio-economic score, also known as the IRSAD score, trails at 889 out of 1217. While not at the peak, Metford still shelters a fair section of the population with a relatively high socio-economic status. However, the suburb portrays a renter to owner ratio of 38%, lingering just above the ideal lower end of the scale, hinting at slightly high competition among landlords but not crossing the high risk threshold of 45%.

    The units to houses proportion is strikingly low in Metford, mustering only 6%. This signifies an unmistakable preference for houses over units, suggesting longer tenancy periods and less competition among landlords. The affordability index of houses at 35 years does tiptoe past the standard 30-year mortgage mark, but not to a worrisome extent, merely indicating a modest dip in affordability.

    In terms of supply metrics, Metford’s stock on market Percentage for houses is only 0.22%, denoting a favourable low supply. The inventory level, highlighting the real estate market’s absorption capacity, stands at a mere 0.91 months, further advocating a favourable low supply status. The building approvals Ratio for houses sits at 0.0%, essentially ruling out the likelihood of an oversupply.

    The demand metrics, including the Days on Market, stands at a promising 34 days, advocating high demand. With a vacancy rate (for both houses and units) of 1.74%, Metford exhibits a neutral level of demand, while the buy search index for houses marking 4, shows a neutral demand level.

    Based on the combining these metrics, Metford presents a blend of favourable and neutral scores across the board, with no significant alarms. Do keep in mind that these metrics represent a moment in time, and with market conditions continuously evolving, it’s crucial to stay updated with the dynamic data trends, through vigilance over market developments, and use of data analysis tools like the RCS (Relative Composite Score) by HtAG analytics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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