Kotara Real Estate
Kotara is a suburb of Newcastle in New South Wales, Australia. It is 9 km. from Newcastle’s CBD (Central Business District). The suburb’s area is 2.6 square kilometres. Its population was 3,916 people in 2011 which went up to 3,928 in 2016 at a marginal increase of 0.3% in 5 years.
Awabakal, the Aboriginal people were the first inhabitants here. Coal mining was the first occupation that started here in late 19th century. It is a safe and sound suburb now that is loved by families.
The suburb is preferred by young professionals, retired folks and families with kids, has shops, good schools, gyms, parks and sporting fields, restaurants and nice transport options. There are 22 public parks as well as walking tracks here for recreation.
It is a friendly neighbourhood with good options to buy and sell homes.
Real Estate in Kotara
Median selling price for houses here is $632,199 in August 2020. This is at an increase of 7.77% in the period August 2019 – August 2020 as compared to last year. Median selling price of homes in August 2019 was $586,600. Total annual sales of homes was 59 in August 19-August 20.
The median rent for homes is $480 per week in August 20. Eight houses were listed for rent in the last month on the market.
Median selling price for units here is about $450,000 in August 2020. The change in price was -3.86% in November 2019 compared to the price in the previous year. Total annual sales of units was 8 in the August 19-August 20 time period. Six units were listed for rent in the last one month for a rent of $415 per week.
Kotara is reasonable for property management as you can buy and sell homes and units currently.
Population in Kotara
This suburb is home to more families. There are 36% childless couples, 47% couples with children and 16% single-parent families.
Seniors above the age of 60 are 23% people. Between 40 to 59 years, there are about 27% people, and between 20 to 39 years there are about 24% people. Up to 19 years, there are about 26% babies and children.
The maximum people here are in the 40-49 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 Kotara
Household income is up to $52,000 for about 28% households. The same is between $52,000 and $130,000 for another 55% households. The rest earn between $132,000 to $182,000.
Homes in Kotara
38% homes are fully owned, 43% are purchasing homes and 16% 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