Maryland is an outer suburb of Newcastle, located 14 kilometres from Newcastle’s central business district. It has two public schools, a skate-park and a shopping complex.
Maryland is approximately 4.5 square kilometres. It has 12 parks covering nearly 6.9% of total area. The population of Maryland in 2011 was 7,786 people. By 2016 the population was 7,677 showing a population decline of 1.4% in the area during that time. The predominant age group in Maryland is 10-19 years. Households in Maryland are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Maryland work in a trades occupation. In 2011, 78.4% of the homes in Maryland were owner-occupied compared with 76.6% in 2016.
Currently the median sales price of houses in the area is $710,000.
On average, houses in Maryland rent out for $550 PW with an annual rental yield of 4.1% and units rent for $490 PW with a rental yield of 4.4%.
Based on five years of sales, Maryland has seen a compound growth rate of 10.2% for houses and 29.5% for units.
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