Over the last year, property investments in Adamstown, 2289 have given investors a capital gain of 16.13%. This compares favourably with the 9.74% for NSW as a whole.
A 54.22% growth in median value for property investors in Adamstown,2289 puts this suburb at number 216th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Adamstown itself are offering an average vendor discount of -4.45% to real estate investors.
In the last year 109 properties changed hands in Adamstown, which puts it as the 256th most active market in NSW when comparing the number of sales per suburb.
Adamstown is 617th on a list of best yielding suburbs for rents in NSW with a 3.53% return
Property value increases in Adamstown have tracked just lower than the NSW average of 6.96% over the last 12 months.
The five-year average increase in median property values for Adamstown,2289 has given property investors a potential capital gain of 29.69% across each of those five years.
Our latest figures would indicate that property sellers in Adamstown are currently offering property investors an average price cut of -2.64% below the asking price at the moment.
With the median price for a house in Adamstown being $415000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.51%
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