Suburb Profile Report for Adamstown NSW (2289)

Adamstown House: Median price $545,000, Annual capital growth 4.79%, Number of sales 100, Weekly median advertised rent $420

Adamstown Unit: Median price $407,500, Annual capital growth 4.83%, Number of sales 44, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

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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

Full summary

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. 

Close
HOUSE UNIT
$545,000 $407,500
1.87% 1.88%
-3.54% 2.90%
4.79% 4.83%
$420 $360
100 44
4.01% 4.59%
50.55 61.63

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Adamstown NSW
Demographics
Total population 5642
Median household income ($/weekly) 1214
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 676 12.0
    25-34 years 946 16.8
    35-44 years 893 15.8
    45-54 years 777 13.8
    55-64 years 516 9.1
    Others 1835 32.5
    Age Group
    Census Count Percent(%)
    Not Married 1988 47.3
    Registered Married 1721 41.0
    Defacto Relationship 493 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4796 89.1
    Germany 55 1.0
    Papua New Guinea 59 1.1
    United Kingdom 140 2.6
    Other 71 1.3
    Others 263 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.1
    Christianity 3830 73.5
    Hinduism 21 0.4
    Islam 19 0.4
    No Religion 1276 24.5
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 198 9.4
    $400-$599 237 11.2
    $600-$799 188 8.9
    $1,500-$1,999 291 13.8
    $2,000-$2,499 207 9.8
    Others 988 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1819 41.5
    Not in the labour force 1308 29.9
    Employed, worked part-time 938 21.4
    Employed, away from work 189 4.3
    Unemployed, looking for work 125 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 300 10.2
    Professionals 726 24.6
    Technicians & trades workers 414 14.0
    Community & personal service workers 326 11.1
    Clerical & administrative workers 473 16.0
    Others 709 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 113 8.5
    Infants/Primary 435 32.9
    Secondary 324 24.5
    Technical or Further Educational Institution 134 10.1
    University or other Tertiary Institutions 301 22.8
    Others 16 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4159 77.9
    Flat, unit or apartment 594 11.1
    Semi-detached, row or terrace house, townhouse 556 10.4
    House or flat attached to a shop, office 33 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 895 39.2
    Being purchased 753 33.0
    Fully owned 620 27.1
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals