Beresfield Property Management
Beresfield is a north western suburb of Newcastle in New South Wales, Australia. It is 22 km. from the Central Business District (CBD) and is a part of city of Newcastle government area.
This suburb has a population of 3,181 people according to 2016 census. It is situated on a low ridge that rises out of the floodplain and wetlands of the Hunter River. Beresfield is bisected by Anderson Drive (formerly Maitland Road) into northern and southern parts. The northern part includes a shopping centre and a railway station. The southern part includes a bowling club, swimming pool, sports oval, golf course and Newcastle Memorial Park cemetery and crematorium. Beresfield has schools, Churches, active Clubs, youth organisations and Sports clubs.
Real Estate in Beresfield
Median selling price for houses in Beresfield is $405,000. This is a robust growth of 9.4% in 2018 compared to previous year. Median selling price of homes in 2017 was $370,050. These prices are based on 50 houses sold in the period Apr 2018 - Mar 2019. Average rental for homes is $330 per week. Suburb rental yield is growing at 4.2%. Number of current home rentals is 64. Overall, this is a good time to rent out your property and get reasonable rent and growth on your investment.
An average unit in Beresfield costs $360,000 and the growth rate is slightly better than that of homes at 9.8%. Last year, median price of a unit was $328,000. Units sold in the last year were 24. Current median rent of a unit per week is $305 at a growth of 4.4%. Purchased and fully-owned properties are 58% of all real estate. 40% of properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Beresfield has reasonably priced properties, a good location and decent amenities, making it perfect for property management with a thriving real-estate.
Population in Beresfield
Beresfield is a bustling community of youngsters, middle-aged residents and seniors. There are 73% couples. 40% of them have no children, and 24% are one-parent homes. Seniors above the age of 60 are about 900 people. Between 40 to 59 years, there are 700 people, and between 20 to 39 years there are more than 850 people. Below 5 years, there are 200 little kids and babies while between 5 to 19 years, there are 500 children. Weekly household income is $1500+ for about 350 people. The same is between $500 to $1449 per week for another 600 people. The remaining earn below $499 per week. 46% of the suburb’s residents are employed in either full-time or part-time work. 44% of them are not in labour force. 71% of them drive their car to work.
There are 3% flats, 8% Semis/Terraces and 89% other types of dwellings. 39% homes are fully owned, 29% people are purchasing homes and 30% are living in rented accommodation. The prices are stable and growing at a decent rate hence real estate is a good investment here. No Bull Real Estate is a credible real-estate agent in Newcastle. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, buying, selling, renting, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Ph: 49552624 www.nobullrealestate.com.au