Property value increases in Adamstown have tracked just lower than the NSW average of 8.26% over the last 12 months.
Over the longer term, Adamstown has seen property prices show investors a 14.99% return over the last 3 years. This is worse than over the last 12 months
Adamstown2289 is located in NSW which offers an average discount of -5.49% to property investors. Adamstown itself is showing figures that indicate -4.62% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Adamstown the average time real estate has been on the market is 54.61 days.
The NSW suburb of Adamstown, 2289 is in the Newcastle local government area.
If you compare the increase in value of investment property in Adamstown, 2289 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.81%.
While Adamstown,2289 ranked number 373th in NSW for increase in median house value (annualised) increase, it is ranked 419th over the last 5 years.
Property investors looking for a bargain in Adamstown should be aiming for at least -3.71% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
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
Information supplied by:
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