Suburb Profile Report for Adamstown Heights NSW (2289)

Adamstown Heights House: Median price $741,500, Annual capital growth 6.91%, Number of sales 110, Weekly median advertised rent $495

Adamstown Heights Unit: Median price $720,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $373

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

At number 1539th in the list of Australian suburbs ordered by increase in median house value over the last year, Adamstown Heights, 2289 is in the top 40% with a property value increase of 4.90% recorded in median house prices.

The five-year average increase in median property values for Adamstown Heights,2289 has given property investors a potential capital gain of 44.65% across each of those five years.

Vendor discounting in Adamstown Heights is giving property investors an average Vendor Discount of around -5.78%. This puts suburb at number 804th in NSW when ranking the most discounted suburbs.

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

Information supplied by:


December 2018

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

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.

Close
Metrics i HOUSE UNIT
$741,500 $720,000
-1.13% N/A
1.58% N/A
6.91% N/A
$495 $373
110 10
3.47% 2.69%
44.25 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Balanced (U)
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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
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