Suburb Profile Report for Georgetown NSW (2298)

Georgetown House: Median price $570,000, Annual capital growth 5.66%, Number of sales 50, Weekly median advertised rent $450

Georgetown Unit: Median price $395,000, Annual capital growth -17.36%, Number of sales 12, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Georgetown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.55%

Across a shorter period, Georgetown, 2298 has seen a median price increase of 6.39% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Georgetown is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 1199th in terms of most discounted suburbs in NSW

At number 19 in a list of fastest selling suburbs, Georgetown is in the TOP 10% of suburbs in Australia with an average of days on market 20.81 for properties listed there.

The NSW suburb of Georgetown, 2298 is in the Newcastle local government area.

Investment property in Georgetown has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.36%

Advertised rents are around the $330 mark per week – giving a return of 4.34% based on the median price in Suburb

Metrics i HOUSE UNIT
$570,000 $395,000
6.39% 0.64%
7.55% -17.36%
5.66% -17.36%
$450 $330
50 12
4.11% 4.34%
20.81 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 2005
Median household income ($/weekly) 1147
Median age of persons 36
Median housing loan repayment ($/monthly) 1833
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 202 10.1
    25-34 years 324 16.2
    35-44 years 306 15.3
    45-54 years 297 14.8
    55-64 years 201 10.0
    Others 675 33.7
    Age Group
    Census Count Percent(%)
    Not Married 704 45.8
    Registered Married 596 38.8
    Defacto Relationship 237 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1726 89.6
    Germany 10 0.5
    Papua New Guinea 20 1.0
    United Kingdom 48 2.5
    Other 44 2.3
    Others 79 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.8
    Christianity 1351 72.6
    Islam 17 0.9
    Judaism 4 0.2
    No Religion 471 25.3
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 87 11.3
    $600-$799 73 9.5
    $1,000-$1,249 75 9.8
    $1,500-$1,999 99 12.9
    $2,000-$2,499 73 9.5
    Others 360 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 641 40.4
    Not in the labour force 507 32.0
    Employed, worked part-time 342 21.6
    Employed, away from work 55 3.5
    Unemployed, looking for work 40 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 248 24.0
    Technicians & trades workers 166 16.0
    Community & personal service workers 120 11.6
    Clerical & administrative workers 170 16.4
    Sales 93 9.0
    Others 238 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 38 8.4
    Infants/Primary 140 31.0
    Secondary 81 18.0
    Technical or Further Educational Institution 61 13.5
    University or other Tertiary Institutions 120 26.6
    Others 11 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1764 90.4
    Flat, unit or apartment 121 6.2
    Semi-detached, row or terrace house, townhouse 55 2.8
    House or flat attached to a shop, office 11 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 314 38.3
    Fully owned 264 32.2
    Rented 238 29.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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