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.
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
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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.
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.