Islington Property Management
Islington is a suburb located in Hunter region of Newcastle in New South Wales, Australia. It is 3.4 km. from the Central Business District (CBD). It was initially a residential suburb which today has a small industrial area and is adjacent to Newcastle campus of Hunter Institute of Technology. It also is home to Islington Public School.
It is considered to be an affordable alternative to the more expensive Hamilton. It has its own railway station that it shares with the adjacent Hamilton. It has a population of 1883 people according to 2016 census. Islington has good bus services, shopping options and parks located on Maitland Road. Islington Park and Throsby Creek are recreational attractions in Islington. They have children’s play equipment, a cycleway and a skating ramp.
Real Estate in Islington
Median selling price for houses in Islington is $655,000. This is at a fall of -3.7% compared to previous year. Median selling price of homes in 2017-18 was $680,000. Total of 29 houses were sold in the period of Apr 2018 - Mar 2019. This is a good time to buy homes. The sale of homes peaks in February, May, September and November. Average rental for homes is $405 per week. Rentals are growing at 3.2% annually. Number of current home rentals is 70.
As far as units are concerned, median selling price is $630,000 which is at a gain of 5.1% as compared to last financial year. The average median price in the previous year was $599,500. There were 33 sales last year. Current median weekly rent is $395 at a growth of 3.3% based on 45 rentals last year.
Islington properties are good for investment and perfect for property management.
Population in Islington
Islington has a largely younger population. Families include 73% couples. 45% of them have no children, and 23% are one-parent homes. Seniors above the age of 60 are about 275 people. Between 40 to 59 years, there are 500 people, and between 20 to 39 years there are more than 750 people. Below 5 years, there are 100 little kids and babies while between 5 to 19 years, there are 250 children and teens. Weekly household income is $1500+ for about 325 people. The same is between $500 to $1449 per week for another 250 people. The remaining working population earns below $499 per week. 40% of the suburb’s residents are employed in full-time work while 19% are part-time workers. 60% of them drive their car to work while 6% walk to work. 26% of them are not in labour force accounting for the students and babies and 5% people are unemployed.
As far as homes are concerned, 21% homes are fully owned. 28% people are purchasing homes and 47% are renting accommodations. When we look at dwelling structures, 60% are separate houses, 8% are flats and 29% are semis/terraces. If you are looking for property managers, No Bull Real Estate is the right choice for you. They specialise in Property Management and 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 www.nobullrealestate.com.au