If you compare the increase in value of investment property in Adamstown Heights, 2289 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.00%.
Adamstown Heights,2289 has offered an average of -4.00% return per annum in house price rises to property investors over the last three years.
Adamstown Heights, 2289 is offering NSW ‘s 222th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Adamstown Heights is 634th on a list of best yielding suburbs for rents in NSW with a 3.61% return
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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.