Suburb Profile Report for Adamstown NSW (2289)

Adamstown House: Median price $529,000, Annual capital growth 4.65%, Number of sales 102, Weekly median advertised rent $430

Adamstown Unit: Median price $416,250, Annual capital growth 4.87%, Number of sales 44, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Adamstown is in the bottom 10% in NSW when comparing median price capital growth over the last year. Adamstown gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.36%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Adamstown has increased when compared to the 5 year average annual rate.

Property buyers and investors in Adamstown 2289 should be seeing an average reduction in asking price of around -3.35% . This means that Adamstown is holding prices well when compared to other suburbs in NSW.

The NSW suburb of Adamstown, 2289 is in the Newcastle local government area.

Adamstown, 2289 ranked 244th in NSW when comparing growth in median property values or capital gain over the last 12 months. Adamstown is one of 3162 in our list for NSW

Taking the average capital gain, or increase in median house value, Adamstown,2289 has racked up an average of 7.42% over the period. This ranks it number 386th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Adamstown, 2289. Typically our figures indicate that -3.83% is being offered, which puts this NSW suburb at 1152th most discounted overall in Australia.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

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Adamstown is a suburb of Newcastle, some 8km from the centre of the city. It backs into a more prestigious suburb named Merewether, which sits alongside the city’s most popular and famous beach – Bar Beach

Full summary

Adamstown is a suburb of Newcastle, some 8km from the centre of the city. It backs into a more prestigious suburb named Merewether, which sits alongside the city’s most popular and famous beach – Bar Beach.

Because Merewether and other beachside suburbs such as The Junction and Cooks Hill have grown significantly in the last few years, and especially at the beginning of the last decade, they’ve become significantly more expensive. It is arguable that a lot of buyers who would have been attracted to these suburbs might find the next best thing appeals to them more. Adamstown is the next best thing.

“Living in Adamstown, you’re usually 10 minutes or less from the Westfield Kotara, Homemakers Centre and Bar Beach. For a lot of people who can’t find a property that they like directly by the beach, or simply just can’t afford it there, Adamstown offers an affordable alternative,” says Michael Walter, a local real estate agent. 

Close
HOUSE UNIT
$529,000 $416,250
0.38% 2.65%
-7.36% 7.42%
4.65% 4.87%
$430 $370
102 44
4.23% 4.62%
52.83 70.75

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5642
Median household income ($/weekly) 1214
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 676 12.0
    25-34 years 946 16.8
    35-44 years 893 15.8
    45-54 years 777 13.8
    55-64 years 516 9.1
    Others 1835 32.5
    Age Group
    Census Count Percent(%)
    Not Married 1988 47.3
    Registered Married 1721 41.0
    Defacto Relationship 493 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4796 89.1
    Germany 55 1.0
    Papua New Guinea 59 1.1
    United Kingdom 140 2.6
    Other 71 1.3
    Others 263 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.1
    Christianity 3830 73.5
    Hinduism 21 0.4
    Islam 19 0.4
    No Religion 1276 24.5
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 198 9.4
    $400-$599 237 11.2
    $600-$799 188 8.9
    $1,500-$1,999 291 13.8
    $2,000-$2,499 207 9.8
    Others 988 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1819 41.5
    Not in the labour force 1308 29.9
    Employed, worked part-time 938 21.4
    Employed, away from work 189 4.3
    Unemployed, looking for work 125 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 300 10.2
    Professionals 726 24.6
    Technicians & trades workers 414 14.0
    Community & personal service workers 326 11.1
    Clerical & administrative workers 473 16.0
    Others 709 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 113 8.5
    Infants/Primary 435 32.9
    Secondary 324 24.5
    Technical or Further Educational Institution 134 10.1
    University or other Tertiary Institutions 301 22.8
    Others 16 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4159 77.9
    Flat, unit or apartment 594 11.1
    Semi-detached, row or terrace house, townhouse 556 10.4
    House or flat attached to a shop, office 33 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 895 39.2
    Being purchased 753 33.0
    Fully owned 620 27.1
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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