Edgeworth Property Management
Edgeworth is a suburb in City of Lake Macquarie local government area. It is located close to Newcastle’s Central Business District in New South Wales, Australia. It is a small, cozy neighbourhood that has good residential housing, three schools, bowling club, Supermarket, Pub, restaurant along with some sporting clubs. It also has a nice aged care facility.
Real Estate in Edgeworth
Edgeworth has been a suburb that is growing at a reasonable pace in terms of housing. As it has a good number of amenities like schools, recreation and good homes, its real estate is doing well. Median selling price for homes in Edgeworth is $463,000. There is an annual capital growth of 6.1% in home prices in 2018 compared to 2017. Total number of homes sold is 154 for the year. An average home in Edgeworth is rented out at $370 per week. Number of rentals leased stands at 81. Purchased and fully-owned properties constitute 70% of real estate in Edgeworth. 25% of properties are rented out. These figures are as per 2016 data of ABS (Australian Bureau of Statistics).
For an Edgeworth unit, median price is $345,000 with an annual capital growth of 4.17%. Number of sales for the year is 11 with a weekly median advertised rent of $310 per week. Property management is pretty good in Edgeworth with a good number of home owners and renters.
Population in Edgeworth
As far as families go, Edgeworth has 78% couples. 38% of these couples do not have children. Hence, this is a good homely neighbourhood. Aging population above the age of 60 is over 1600 people. Between 40 to 59 years, there are 1500 people, and between 20 to 39 years there are 1600 people. The lowest age groups constitute: below 5 years - 400 people and between 5 to 19 years, there are 1200 people. Hence the area has 3 good public schools and many sporting clubs to cater to the needs of its children and teenagers. There is also a good facility for aged care for the senior citizens. Weekly household income is $1500+ for about 800 people. It ranges between $650 to $1499 per week for another 700 people. The rest of the people earn below $649 per week. 50% of the people residing here are employed in either full-time or part-time work. 41% of the people are not a part of the labour force yet mostly comprising of children and teenagers. A whopping 76% of them drive their car to commute to work.
This area is seeing some good real-estate development in 2019. Many new and owned units and homes are opening up. These home are good for leasing, first home buyers and investors. Engage a good property manager like No Bull Real Estate to get the best out of your real estate development. They specialise in Property Management which gives you great return at low risk for your property rental.
For further information about real estate deals in this area, do contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle.