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Georgetown Property Management

Georgetown Property Management

  • 11 Jun 2019
  • Jon Byrne

Georgetown is a suburb situated 6 km. from Newcastle Central Business District (CBD) in New South Wales, Australia.
This suburb is home to 2,300 people according to 2016 census. It is a residential suburb with families. Georgetown began as a residential area for workers from industries like the Copper Smelting Works. Today it is a comfortable residential suburb with access to good schools, transport and shopping.

Georgetown has no schools but it borders Callaghan College, Waratah Campus. There are many buses that ply here and hence transport options are good. It is also located in close proximity to Waratah Park which is perfect for sporting activities and picnics. There is also a street of shops on Georgetown Road that links to Waratah commercial hub. Hence shopping options are plenty.

Real Estate in Georgetown
Median selling price of homes is $605,500. This is at a decline of -8.5% compared to last year. Median selling price of homes in 2017-18 was $661,000. Total of 39 houses were sold in Apr 2018 - Mar 2019 period. Home sales spike in May, July and December. Average weekly home rental in Georgetown is $420 and is growing at a decent 3.6% annually. Last year, number of homes rented was 47.
Median selling price of a unit in Georgetown is $435,000. This is at a growth of 14.5%. Unit median price last year was $380,000. 11 units were sold last year. Current median weekly unit rent is $313 at a growth rate of 3.7%. Total rentals in the previous year were 24. Purchased and fully-owned properties make up 42% of all real estate here. Rented properties are 55% of all real estate as per 2016 data of ABS (Australian Bureau of Statistics).
Georgetown is good for property management. This is a residential neighbourhood with good amenities.

Population in Georgetown
Georgetown has a mix of couples and youngsters. There are 77% couples. 38% of whom have no children, and 22% are one-parent homes. 350 seniors are above the age of 60 years. 550 people are between 40 to 59 years, and 650+ people are between 20 to 39 years. 125 children are below 5 years of age while there are 300 children and teens between the ages of 5 and 19 years. 330 people earn $1500+ weekly while 260 people earn between $500 to $1449 per week. The remaining earn below $499 per week. Full-time workers are 40% while part-time workers constitute 21% of the suburb’s residents. 31% of the residents are not in the workforce. 69% of the workers drive their car to work.

86% dwellings are categorised as separate houses, 10% are flats while 3% are semis/terraces. 29% homes are fully owned. 39% people are purchasing homes and 30% are renting accommodations. No Bull Real Estate are well-known Property managers in Newcastle who have excellent experience in handling your real-estate needs. They specialise in Property Management and real-estate investments.

For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. 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

 

 

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