Arcadia Vale Real Estate
Arcadia Vale is a suburb of city of Lake Macquarie in New South Wales. It is located between the town centres of Toronto and Morriset and has a population of 1,381 people according to the 2016 Population census. Arcadia Vale was subdivided in 1922. During the Great Depression, many out-of-work miners and their families moved into boatsheds on the waterfront. The first school opened in 1958. This suburb is dominated by waterfront and water view properties. Its residents love its affordability and proximity to Newcastle and Lake Macquarie. It is preferred by those with families as well as senior residents. The local school is Arcadia Vale Public School. This suburb has good amenities.
Real Estate in Arcadia Vale
Median selling price for houses here is $500,000. This is at a decline of -2.9% in 2019 compared to last year. Median selling price of homes in the previous year was $515,000. Total number of homes sold was 25 in 2019. Home sales peak in November and December every year. An average home in Arcadia Vale is rented out at $350 per week. Suburb rental yield is growing at a reasonable 3.6%. Number of current house rentals is 23. This is a good time for real estate sales and property management in Arcadia Vale as the prices are reasonable currently.
Population in Arcadia Vale
This suburb is preferred by families and seniors. There are 42% couples, 41% are couples with no children and 17% are single-parent families. Seniors above the age of 60 are over 350 people. Between 40 to 59 years, there are 425 people, and between 20 to 39 years there are more than 275 people. Below 5 years, there are 100 babies and toddlers while between 5 to 19 years, there are about 250 children. Weekly household income is $1500+ for about 200 households. The same is between $500 to $1499 per week for another 180 households. About 60 households earn below $500 per week. 36% of the suburb’s residents are employed in full-time work, 19% in part-time work, 3% are unemployed and 37% are not in labour force accounting for children and babies. 72% of them drive their car to work and 7% worked at home. There are 1% Semis/Terraces and 99% separate houses as types of dwellings. 37% homes are fully owned, 43% are purchasing homes and 16% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real estate agent with a good reputation. They specialise in Property Management and real estate sales and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au