Suburb Profile Report for Adamstown Heights NSW (2289)

Adamstown Heights House: Median price $740,000, Annual capital growth 6.77%, Number of sales 117, Weekly median advertised rent $497

Adamstown Heights Unit: Median price $720,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $375

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

With a capital gain of 4.41% for the last 12 months, Adamstown Heights, 2289 has performed for property investments than its average annual 6.52% property growth over the last 5 years.

A 44.39% growth in median value for property investors in Adamstown Heights,2289 puts this suburb at number 406th in terms of best performing suburbs in NSW

The most recent median price for Adamstown Heights is $746500, with sellers offering an average of -5.26% off the asking price.

The NSW suburb of Adamstown Heights, 2289 is in the Newcastle (C) local government area.

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

Situated 112.61km from the CBD, Adamstown Heights is one of Newcastle (C) localities in the postcode 2289.

Information supplied by:


December 2018

M
O

W
E

Houses fly off the market

Postcode: 2289

Median house price: $723,000

Three-year growth: 20.9%

Rental yield: 3.5%

Less than 10km from the Newcastle CBD lies the suburb of Adamstown Heights. It is divided between the Lake Macquarie and Newcastle City LGAs.

There is considerable demand in this market, with houses staying on the market for only around a month before being snapped up. Discount rates are staying below 5% as well. Meanwhile, prices are going up steadily with a strong average annual growth rate of over 5%, even though the rate seemed to slow as 2018 wound down.  

Kotara High School was established in this suburb in 1968, and the campus includes 3 hectares of bushland. Belair Primary School is located here as well. Westfield Kotara serves residents’ shopping needs.

Commuters are served by the train stations in Kotara and Adamstown, which are stops on the Central Coast & Newcastle Line.

Metrics i HOUSE UNIT
$740,000 $720,000
-1.33% 0.00%
1.37% N/A
6.77% N/A
$497 $375
117 10
3.49% 2.71%
45.881355 N/A

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Adamstown Heights NSW
Demographics
Total population 5174
Median household income ($/weekly) 1448
Median age of persons 41
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 651 12.6
    35-44 years 720 13.9
    45-54 years 668 12.9
    55-64 years 628 12.1
    65-74 years 594 11.5
    Others 1912 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 2378 60.3
    Not Married 1319 33.5
    Defacto Relationship 246 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4333 86.4
    Germany 85 1.7
    Papua New Guinea 56 1.1
    United Kingdom 171 3.4
    Other 92 1.8
    Others 278 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.9
    Christianity 3782 77.5
    Hinduism 31 0.6
    Other Religious Groups 9 0.2
    No Religion 1007 20.6
    Others 11 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 157 9.0
    $600-$799 169 9.6
    $1,500-$1,999 238 13.6
    $2,000-$2,499 172 9.8
    $2,500-$2,999 193 11.0
    Others 824 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1489 36.5
    Employed, worked full-time 1458 35.7
    Employed, worked part-time 913 22.4
    Employed, away from work 141 3.5
    Unemployed, looking for work 83 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 272 10.8
    Professionals 788 31.4
    Technicians & trades workers 306 12.2
    Clerical & administrative workers 380 15.1
    Sales 252 10.0
    Others 512 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 97 7.9
    Infants/Primary 454 36.9
    Secondary 317 25.8
    Technical or Further Educational Institution 86 7.0
    University or other Tertiary Institutions 257 20.9
    Others 18 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4858 98.0
    Flat, unit or apartment 81 1.6
    Semi-detached, row or terrace house, townhouse 17 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 934 49.1
    Being purchased 696 36.6
    Rented 268 14.1
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table