Property Investment in Rutherford, NSW

Property Investment in Rutherford, NSW

Property Investment in Rutherford, NSW

Posted on March 16, 2022 by Mirren Property Investment

Median house price: $579,500 (February 28, 2022)
Median house rental value: $460 PW (November 9, 2021)
Transport: car, train, bus
Population: 11,884 (2016)
State: New South Wales
Location: 170km from Sydney Central Business District

Rutherford is a hub of commercial activity located just 170 km north of the Sydney Central Business District. The suburb is fantastic for growing families with many schools. The New England Highway, used by thousands of commuters daily, passes right through the area.
Residents have a medley of places to choose from to keep them physically and socially active with indoor and outdoor sports facilities, various cafes, and restaurants. It’s a suburb with mainly mature, established, and older couples and families.

Real Estate Market
The median house price in Rutherford is $579,500, while houses rent out for $460 PW with an annual rental yield of 4.1%. On the other hand, units have a median price of $415,000 and rent out for $350 PW with a rental yield of 4.4%.

In 2018, the median sale price was around $415,750 for houses and $325,750 for units. Three years have seen a substantial increase, making Rutherford a good property investment choice.

Population and Demographics
Based on the 2016 census, Rutherford has a population of 11,884 people. 55% of the residents work full time. The median age is 34 years old, and 65.7% are family households. Around 80.7% of the inhabitants in Rutherford were born in Australia.

Rutherford is a well-populated suburb, with more than 12,000 people calling it home. Much of its population are maturing families with kids under 15 years of age.

Aside from its mixed residential developments, Rutherford is retail, light industry, and manufacturing hub. This suburb also has a small commercial centre. It has ten different supermarkets, even more chemists, and several schools. Residents also have access to various indoor and outdoor sporting facilities and various restaurants and cafes to choose from. Rutherford is also home to many alternative therapies, wellness centres, and clinics.

The New England Highway passes through Rutherford and is used by many commuters daily. Hunter Valley Buses link Rutherford with other Maitland suburbs and give residents access to the Maitland railway station. Just west of Rutherford is Maitland Airport.

Rutherford has Rutherford Public School, St. Paul’s Primary School, and Rutherford Technology High School. The University of Sydney Residential Colleges is just 7km away. Many long daycare and out-of-school hours care centres are also within the area.

Why Live and Invest in Rutherford?
– Rutherford has a healthy real estate market, with its house and unit values on an upward trend for the past few years.
– As an investor, you will have a wide range of properties to choose from in Rutherford, whether you rent or buy. For less than a million dollars, you can even buy a large home.
– Rutherford is a commercial hub with a medley of local activities, child care services, and a wide range of career prospects.
– Rutherford is just a 30-45-minute drive to local tourism hotspots like the Newcastle Beaches.

Wish to get your next investment property in Rutherford, NSW? Let our expert investment property strategists help you with your investment strategy and in finding the perfect investment in Rutherford, NSW. Contact us today for an obligation-free complimentary consultation.

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