At number 2125th in the list of Australian suburbs ordered by increase in median house value over the last year, Adamstown Heights, 2289 is in the BOTTOM 50% with a property value increase of -2.06% recorded in median house prices.
A 30.73% growth in median value for property investors in Adamstown Heights,2289 puts this suburb at number 699th in terms of best performing suburbs in NSW
Adamstown Heights2289 is located in NSW which offers an average discount of -7.34% to property investors. Adamstown Heights itself is showing figures that indicate -8.15% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Adamstown Heights have been waiting around 67.629 days to sell a property.
Adamstown Heights, 2289’s gross rental yield is 3.65%
Advertised rents are around the $372.5 mark per week – giving a return of 2.74% based on the median price in Suburb
Information supplied by:
Houses fly off the market
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.