Kotara Property Management

18 Aug 2019
Jon Byrne

Kotara is a suburb of Newcastle in New South Wales, Australia. It is located 9 km. from the Central Business District (CBD). Kotara has a population of around 3929 as per 2016 census. The name Kotara is an aboriginal term that means waddy or club.
Kotara has Kotara South Public School and a local Catholic School, St James Primary School, located on Vista Parade. Westfield Kotara is a shopping centre that has cafes, foodcourt, department store, two discount stores, apparel, supermarkets, homeware and others. This is your perfect shopping destination.
Kotara is also home to King Prawns, Kotara’s cricket champions.
Kotara has its own railway station established in 1924. The Australasia Coal Company operated a mine near Kotara but it closed down in June 1879. Kotara is largely residential now.

Real Estate in Kotara
Average median selling price for houses in Kotara is $605,000. This is at a dip of -1.5% compared to last year. Median selling price of homes in 2017-18 was $614,500. A total of 59 houses were sold in that period. This is a good price to invest in homes as they are slightly lower priced. The sale of homes peaks in May, June, August and November. Average weekly rental for homes is $430. Rentals are growing at 3.7% annually. Number of current home rentals is 61.
As far as units are concerned, median selling price is $636,000 which is at a growth of 2.6% as compared to last financial year. The average median price in the previous year was $620,000. There were 27 sales last year. Current median weekly rent is $383 at a growth of 3.1% based on 20 rentals last year.
Kotara has decent real estate investment opportunities that are perfect for property management.

Population in Kotara
Kotara has a fair mix of younger and older residents. Families include 47% couples. 36% of them have no children, and 16% are one-parent homes. Seniors above the age of 60 are about 850+ people. Between 40 to 59 years, there are 1050+ people, and between 20 to 39 years there are more than 950 people. Below 5 years, there are 250+ little kids and babies while between 5 to 19 years, there are 750+ children and teens. Weekly household income is $1500+ for about 700 people. The same is between $500 to $1449 per week for another 400 people. The remaining working population earns below $499 per week. 35% of the suburb’s residents are employed in full-time work while 21% are part-time workers. 73% of them drive their car to work and 1% walk to work. 36% of them are not in labour force accounting for the students and babies and 3% people are unemployed.

As far as homes are concerned, 38% homes are fully owned. 43% people are purchasing homes and 16% are rented accommodations. When we look at dwelling structures, 91% are separate houses and 9% are semis/terraces. If you are looking for property managers, No Bull Real Estate have the experience and expertise that you require. They specialise in Property Management and 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

Kotara Property Management

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