Adamstown Property Management

28 Mar 2019
Jon Byrne

Adamstown is a suburb of Newcastle in New South Wales, Australia. It is 6 kms. away from the Central Business District (CBD). Adamstown has a population of 6,044 people as per 2016 Population census.
It has its own railway station that opened in 1887. The town has many schools and Community support organisations. Adamstown Rosebud Football Club is very popular and has produced many high-quality Soccer players. This is a good suburb for families as well as for couples. It is quiet and has all good amenities while being so close to the CBD.

Real Estate in Adamstown
Due to its good population and large town feel, median selling price for houses in Adamstown is $723,000. One can see a growth of 1.8% in home prices in 2018 compared to the previous year. Median selling price of homes in the previous year was $710,500. Total number of homes sold was 80 in 2018 which is a good number. An average home in Adamstown is rented out at $420 per week. Suburb rental yield is growing at a healthy 3%. Number of current rentals is 138. Thus, there are adequate homes rented out and available.
An average unit in Adamstown costs $520,000 at a growth of 3.1%. Previous median price of a unit was the same at $520,000. Current median rent of a unit per week is $345 at a growth of3.5%. Purchased and fully-owned properties constitute 58% of total real estate. 40% of properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Property management is pretty reasonable in Adamstown. Homes and units are available for both buying and renting.

Population in Adamstown
Adamstown has a healthy mix of couples, families and older population. There are 79% couples. 34% of which do not have children. This busy suburb has the highest population in the 20-39+ years bracket. Older population above the age of 60 is over 1000 people. Between 40 to 59 years, there are 1600+ people, and between 20 to 39 years there are more than 1800+ people. Below 5 years, there are 400 babies and toddlers while between 5 to 19 years, there are 1200 children. Weekly household income is $1500+ for about 1000 people. The same is between $650 to $1499 per week for another 600 people. The rest of the people earn below $649 per week. 61% of the suburb’s residents are employed in either full-time or part-time work. A good 70% drive their car to work.
As far as dwellings go, there are 15% flats, 16% Semis/Terraces and 68% separate houses. With a robust growth, this area is doing well in terms of real-estate development. Many homes and units are available for sales and renting. This is also a good time if you are looking to invest in real estate. A competent property manager like No Bull Real Estate can help you get the best real estate deals. They specialise in Property Management and use their expertise to offer you high value real-estate deals.

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.

Adamstown Property Management

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