Shortland Property Management
Shortland is a suburb of Newcastle in New South Wales, Australia. It is situated 11 kms. from the Central Business District (CBD). It comes under City of Newcastle local government area. Shortland has a population of 3,905 people according to the 2016 Population census. It is surrounded by wetlands. Shortland has two primary schools located on Sandgate Road. The 45-acre Hunter Wetlands Centre is situated between Shortland and Hexham Swamp. This provides habitat to many species of birds and wildlife. The Hunter Valley Private Hospital is the oldest hospital in the Hunter area. There are many parks and reserves here. Sandgate Road is the main transport thoroughfare. Shortland is well connected by buses and trains.
Real Estate in Shortland
Median selling price for houses in Shortland is $430,000. This is at a decline of -4.9% in 2019 compared to the previous year. Median selling price of homes in the previous year was $452,000. Total number of homes sold was 53 in 2019. The sales peak in March, August and September every year. An average home in Shortland is rented out at $360 per week. Suburb rental yield is growing at a reasonable 4.4%. Number of current rentals is 96. An average unit in Shortland costs $433,750 and has seen a growth rate of 3.3%. Last year, median price of a unit was $420,000. Total sales recorded last year was 35 units. Current median rent of a unit per week is $400 at a growth of 4.8%. Total units on rent were 68 last year. Property management is seeing a decent growth in Shortland. This is a good time to invest in homes or units.
Population in Shortland
Shortland has a mix of younger and older population. There are 36% couples. 39% of them do not have children and 22% are single parent families. Older population above the age of 60 is over 850 people. Between 40 to 59 years, there are 800 people, and between 20 to 39 years there are more than 1400 people. Below 5 years, there are 250 babies and toddlers while between 5 to 19 years, there are 600 children. Weekly household income is $1500+ for about 475 people. The same is between $500 to $1499 per week for another 650 people. About 350 earn below $500 per week. 31% of the suburb’s residents are employed in full-time work, 16% in part-time work, 4% are unemployed and 44% are not in labour force accounting for children and babies. 73% of people drive their car to work and 2% took the bus to work. There are 1% flats, 20% Semis/Terraces and 78% separate houses as types of dwellings. 40% homes are fully owned, 31% are purchasing homes and 34% are living in rented accommodation. This is a good time if you are looking to invest in real estate as prices are growing. No Bull Real Estate is a well-known real-estate agent with a credible reputation in. 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 & 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