NSW has seen average median house prices change by 6.38% which means that Adamstown, 2289 has done well for property investors by showing a capital gain of -3.54% over the last year
The five-year average increase in median property values for Adamstown,2289 has given property investors a potential capital gain of 28.08% across each of those five years.
At number 1082th of NSW’s most discounted properties, Adamstown is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Adamstown is 470th on a list of best yielding suburbs for rents in NSW with a 4.01% return
Adamstown has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.90% to date .
While Adamstown,2289 ranked number 237th in NSW for increase in median house value (annualised) increase, it is ranked 341th over the last 5 years.
Adamstown2289 is located in NSW which offers an average discount of -4.45% to property investors. Adamstown itself is showing figures that indicate -4.16% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.83%, investors should hope to achieve an overall return of 4.59%
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
Information supplied by:
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.