Over the last year, property investments in Adamstown, 2289 have given investors a capital gain of 3.66%. This compares badly with the 7.47% for NSW as a whole.
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.
Sellers are offering property buyers an average discount of -4.32% to buyers in Adamstown at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $420 mark per week – giving a return of 3.76% based on the median price in Suburb
Adamstown, 2289 ranked 298th in NSW when comparing growth in median property values or capital gain over the last 12 months. Adamstown is one of 3163 in our list for NSW
Comparing Adamstown,2289 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Adamstown is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 324th in terms of most discounted suburbs in NSW
A suburb of Newcastle, Adamstown is situated around 6km from the city’s CBD. It’s an ideal spot for families as it’s an easy commute to the city and is also home to a number of quality schools.Full summary
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A suburb of Newcastle, Adamstown is situated around 6km from the city’s CBD. It’s an ideal spot for families as it’s an easy commute to the city and is also home to a number of quality schools, including the St Pius X High School, Adamstown Primary School and St Columba's Primary School.
Apartment stock in this suburb ranges from older, rectangular block buildings built several decades ago, through to more modern off the plan apartments that are starting to become more prevalent in the area. Older apartments are more affordably priced, while buyers will pay a premium of up to $100k for a brand new unit.Close