Stockton Property Management
Stockton is a suburb of Newcastle in New South Wales, Australia. It is located 600 m from Newcastle's central business district. It is the only residential suburb of Newcastle that lies north of the Hunter River. Stockton has a population of 4,160 people according to the 2016 Population census. Stockton is a peninsula with Hunter river to the south and Pacific ocean on its south-west side. It has marshes, beaches, sand dunes on the western and northern sides. It has many spots for recreational fishing. It has its own district cricket team, a soccer club and a Rugby league club. It has good shopping, churches, clubhouses, pubs, caravan park and a swimming pool. It also is home to Stockton Centre, a unit for people with developmental disability, has primary schools and good transport options. Of late, the real estate in the suburb is looking up.
Real Estate in Stockton
Median selling price for houses in Stockton is $727,500. This is a decline of -0.3% in 2019 compared to the previous year. Median selling price of homes in the previous year was $730,000. Total number of homes sold was 56 in 2019. Home sales peak in February, March and November every year. An average home in Stockton is rented out at $440 per week. Suburb rental yield is growing at a reasonable 3.1%. Number of current rentals is 85. The suburb has an optimal number of homes for purchase and rent. An average unit in Stockton costs $822,500 and has seen a growth rate of whopping 69.6%. Last year, median price of a unit was $485,000. Total sales recorded last year was 3 units. Current median rent of a unit per week is $310 at a growth of 2%. Total units on rent were 21 last year. Purchased and fully-owned properties are 58% of all real estate. 40% of properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics). Property management is seeing a decent growth in Stockton. This is a good time to invest in homes or units.
Population in Stockton
Stockton has a good mix of old and young population. There are 38% couples. 40% of them do not have children and 20% are single parent families. Older population above the age of 60 is over 1200 people. Between 40 to 59 years, there are 1400 people, and between 20 to 39 years there are more than 800 people. Below 5 years, there are 200 babies and toddlers while between 5 to 19 years, there are 600 children. Weekly household income is $1500+ for about 600 people. The same is between $500 to $1499 per week for another 450 people. About 250 earn below $500 per week. 29% of the suburb’s residents are employed in full-time work, 15% in part-time work, 3% are unemployed and 47% are not in labour force accounting for children. 67% of them drive their car and 4% walk to work. There are 10% flats, 7% Semis/Terraces and 82% separate houses as types of dwellings. 35% homes are fully owned, 31% are purchasing homes and 30% are living in rented accommodation. This is also 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