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:
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.