Adamstown Heights Property Management
Adamstown Heights is a southern suburb of Newcastle in New South Wales, Australia. It is situated 8 kms. from the Central Business District (CBD). It is divided between City of Newcastle local government and City of Lake Macquarie areas. Adamstown Heights has a population of 5,299 people according to the 2016 Population census.
It is well connected by both buses and trains. It is located near two railway stations and on many bus routes. There are two good schools in this suburb. One of them is Kotara High School which was built in 1968.
Real Estate in Adamstown Heights
Median selling price for houses in Adamstown Heights is $746,500. This is a growth of 5.1% in 2018 compared to the previous year. Median selling price of homes in the previous year was $710,000. Total number of homes sold was a good 66 in 2018. An average home in Adamstown Heights is rented out at $450 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 Adamstown Heights costs $720,000 and has seen a whopping growth rate of 24.4%. Last year, median price of a unit was $579,000. That did make for a nice investment. Current median rent of a unit per week is $350 at a growth of 2.5%. 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 Adamstown Heights. This is a good time to invest in homes or units.
Population in Adamstown Heights
Adamstown Heights has more of middle-aged and older population with a good number of youngsters and children. There are 87% couples. 38% of them do not have children. Population is highest in the 40-60+ years bracket. Older population above the age of 60 is over 1400 people. Between 40 to 59 years, there are 1400+ people, and between 20 to 39 years there are more than 1100+ 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 400 people. The rest of the people earn below $649 per week. 57% of the suburb’s residents are employed in either full-time or part-time work. 70% of them drive their car to work.
There are 3% flats, 2% Semis/Terraces and 95% separate houses as types of dwellings. There are many people purchasing currently which should see more real-estate activity in the future. 46% homes are fully owned, 38% are purchasing homes and 14% 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 deals in this area, do contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle