Broadmeadow Property Management
Broadmeadow is the geographical centre of Newcastle city in New South Wales, Australia.
This small suburb has about 1,600 people according to 2016 census. Various amenities here include the Broadmeadow Racecourse that hosts horse riding activities. There are local parks, tennis courts and a skate park here. There is the Energy Australia Stadium and International Sports Centre also located here. The suburb has its own schools. Merewether High School is located in Broadmeadow along with The Hunter School of Performing Arts.
Two branches of Newcastle Region Library are at an easy access to the residents here. There is a commercial centre located at Nineways that has many shops and businesses. Broadmeadow along with these amenities has a good bus service.
Real Estate in Broadmeadow
Homes here have a median selling price of $595,000. This is at a decline of 7.8% compared to previous year. Median selling price of homes in 2017-18 was $645,000. Total of 26 houses were sold in the period Apr 2018 - Mar 2019. Average rental for homes is $423 per week at a growth of 3.7% annually. Number of current home rentals is 46.
An average unit in Broadmeadow costs $583,100 and there is a marginal decline of 0.3%. Median price of a unit in the previous year was $585,000. 87 units were sold in the last year. Current median rent of a unit per week is $300 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).
Broadmeadow is a suburb with good amenities. It is perfect for property management and has good real-estate options.
Population in Broadmeadow
Broadmeadow has a good mix of youth, middle-aged people and seniors. Families include 75% couples. 38% of whom have no children, and 23% 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 550 people. Below 5 years, there are 100 little kids while between 5 to 19 years, there are 250 children and teens. Weekly household income is $1500+ for about 240 people. The same is between $500 to $1449 per week for another 250 people. The remaining earn below $499 per week. 57% of the suburb’s residents are employed in either full-time or part-time work. 65% of the workers drive their car to work. 33% of the residents are not a part of the labour force.
As far as dwellings go, there are 12% flats, 19% semis and 69% separate houses here. 26% homes are fully owned. 29% people are purchasing homes and 44% are renting accommodations. At lower prices compared to previous year, both homes and units are a good purchase currently. If you are looking for property managers, No Bull Real Estate with its impeccable track record is perfect 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 for residential, commercial, industrial property sell your local expert to buy, sell or lease contact today on 49552624 or www.nobullrealestate.com.au