Birmingham Gardens Property Management
Birmingham Gardens is located to the west-north west of Newcastle in New South Wales, Australia. It is 11 km. from the Central Business District (CBD and is a part of city of Newcastle government area.
This small suburb has a population of 2,376 people according to 2016 census. It is situated very close to University of Newcastle and other residential suburbs. Due to its proximity to the University, its population includes many students. There are a few families living here as well. It has a local park and a small cinema and is close to amenities in other suburbs.
Real Estate in Birmingham Gardens
Median selling price for houses in Birmingham Gardens is $457,000. This is at a decline of 6.3% compared to previous year. Median selling price of homes in 2017-18 was $487,500. Total of 23 houses were sold in the period Apr 2018 - Mar 2019. Average rental for homes is $308 per week. Rentals are growing at 3.5% annually. Number of current home rentals is 148, which is pretty high. Rentals will always be in demand here as this is a suburb so close to the University.
An average unit in Birmingham Gardens costs $474,500 and the growth rate is positive as compared to homes at 4.3%. Median price of a unit in the previous year was $455,000. Sixteen units were sold in the last year. Current median rent of a unit per week is $250 at a growth rate of 2.7%. Total rentals in the previous year were 37. Purchased and fully-owned properties are 58% of all real estate here. 40% of properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Birmingham Gardens has a great location for those looking to study. It has good direct transport option to the University as well as access to freeway. It is perfect for property management with reasonably priced real-estate options.
Population in Birmingham Gardens
Birmingham Gardens has youngsters along with older residents. Families include 73% couples. 36% of whom have no children, and 22% are one-parent homes. Seniors above the age of 60 are about 300 people. Between 40 to 59 years, there are 400 people, and between 20 to 39 years there are more than 1100 people, the most significant number. Below 5 years, there are 150 little kids and babies while between 5 to 19 years, there are 400 children and teens. Weekly household income is $1500+ for about 230 people. The same is between $500 to $1449 per week for another 360 people. The remaining earn below $499 per week. 44% of the suburb’s residents are employed in either full-time or part-time work. 67% of them drive their car to work. 44% of them are not in labour force accounting for the students and babies.
There are 8% flats and 83% separate houses here. 23% homes are fully owned. 23% people are purchasing homes and 50% are renting accommodations. If you own a home or a unit, you will be sure to have a steady stream of rentals. If you are looking for property managers, No Bull Real Estate is just right for you. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing they are the local experts to contact. Ph: 49552624 www.nobullrealestate.com.au