At number 3215th in the list of Australian suburbs ordered by increase in median house value over the last year, Adamstown, 2289 is in the BOTTOM 30% with a property value increase of -2.72% recorded in median house prices.
Across a shorter period, Adamstown, 2289 has seen a median price increase of 4.91% over the last quarter.
At number 1050th 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.
On average over the past year, suburb has had 8.92 sales per month, which equates to 107 per year.
With the median price for a house in Adamstown being $555000 and the advertised rent reaching $427.5 the gross rental yield for property investors calculates out to be 4.01%
With a capital gain of -0.44% for the last 12 months, Adamstown, 2289 has performed for property investments than its average annual 3.69% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Adamstown,2289 has racked up an average of -0.44% over the period. This ranks it number 553th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Adamstown itself are offering an average vendor discount of -3.79% to real estate investors.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.69%, investors should hope to achieve an overall return of 4.74%
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