Kotara South Property Management
Kotara South is a suburb of Newcastle in New South Wales, Australia. It is located 11 km. from the Central Business District (CBD). Kotara South has a population of around 1,104 as per 2016 census. It was established in 1829. The suburb is named after an aboriginal word that meant ‘waddy’ or ‘club’. This is the name associated with Kotara, but is shared with Kotara South as well because of the size of the entire suburb.
Initially Sydney to Newcastle railway line provided transport. A platform was opened at Kotara in 1924 in preparation for a subdivision. Kotara has its own railway station now. A bus service to Newcastle started in 1955. Transport options in this suburb are good.
First post office opened in 1957. Kotara South has Kotara High School that opened in 1968. Kotara South Public School had opened in 1960.
South Waratah Colliery was closer to Kotara than to Charlestown yet the coal industry did not contribute in any significant manner to the development of Kotara South.
Real Estate in Kotara South
Average median selling price for houses in Kotara South is $608,000. This is at a dip of -10.7% compared to last year. Median selling price of homes in 2017-18 was $681,000. A total of 52 houses were sold in that period. This is a good time to invest in homes as they are currently at a lower price. The sale of homes peaks in March, June, September and November. Average weekly rental for homes is $450. Rentals are growing at 3.8% annually. Number of current residential rentals is 13 that were leased for the 12 month period. Kotara South has decent real estate investment opportunities that are perfect for property management.
Population in Kotara South
Kotara South has a fair mix of couples and older residents. Families include 50% couples. 34% of them have no children, and 15% are one-parent homes. There are 240 Seniors above the age of 60. There are 280 middle-aged people between 40 to 59 years of age, and between 20 to 39 years there are more than 260 people. Below 5 years, there are 100 little kids and babies while between 5 to 19 years, there are 220 children and teens. Weekly household income is $1500+ for about 180 people. The same is between $500 to $1449 per week for another 140 people. The remaining working population earns below $499 per week. 33% of the suburb’s residents are employed in full-time work while 19% are part-time workers. 72% of them drive their car to work and 4% worked from home. 39% of them are not in labour force accounting for the students and babies and 3% people are unemployed.
As far as homes are concerned, 35% homes are fully owned. 43% people are purchasing homes and 18% are rented accommodations. When we look at dwelling structures, 95% are separate houses and 4% are semis/terraces. If you are looking for property managers, No Bull Real Estate have the experience and expertise that you require. They specialise in Property Management and real estate investments in Kotara South and surrounding areas.
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