Georgetown Real Estate
Georgetown is a suburb of Newcastle in New South Wales, Australia. It is 6 km. away from Newcastle CBD (Central Business District). It comes under City of Newcastle local government area. The suburb is pretty small at about 0.5 square kilometres. Its population was 2,005 people in 2011 which went down slightly to 1,967 in 2016 at a decrease of 1.9% in 5 years.
Georgetown is named after George Moate who had bought this land in 1853. To begin with it housed workers in the Copper Smelting Works.
The suburb is preferred by families, is peaceful and clean and has amenities like good transport options with many bus routes, shopping on Georgetown Street and access to schools. There is one park here for recreation.
It is a friendly neighbourhood with good options to buy and sell homes.
Real Estate in Georgetown
Median selling price for houses here is $644,000 in June 2020. This is at an increase of 5.6% in the period June 2019 – June 2020 as compared to last year. Median selling price of homes in June 2019 was $610,000. Total annual sales of homes was 31 in June 20.
The median rent for homes is $460 per week in June 20. Three houses were listed for rent in the last month on the market.
Median selling price for units here is $440,000 in June 2020. This is at an increase of 22% in the period June 2019 – June 2020 as compared to last year. Median selling price of units in June 2019 was about $360,000. Total annual sales of units was 3 in the June 19-June 20 time period. One unit was listed for rent in the last one month for a rent of $325 per week.
Georgetown is reasonable for property management as you can buy and sell homes and units currently.
Population in Georgetown
This suburb is home to more families. There are 39% childless couples, 39% couples with children and 22% single-parent families.
Seniors above the age of 60 are 18% people. Between 40 to 59 years, there are about 29% people, and between 20 to 39 years there are about 32% people. Up to 19 years, there are about 22% babies and children.
The maximum people here are in the 20-29 years age group. Couples with children are the primary age group here. Mortgage repayments range from $1800 - $2399 per month. Professionals love this suburb.
Income in Georgetown
Household income is up to $52,000 for about 32% households. The same is between $52,000 and $130,000 for another 39% households. The rest earn between $132,000 to $182,000.
Homes in Georgetown
30% homes are fully owned, 39% are purchasing homes and 30% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management 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 and 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