Over the last year, property investments in Adamstown, 2289 have given investors a capital gain of -5.13%. This compares badly with the 0.15% for NSW as a whole.
The five-year average increase in median property values for Adamstown,2289 has given property investors a potential capital gain of 25.93% across each of those five years.
The most recent median price for Adamstown is $675000, with sellers offering an average of -7.42% off the asking price.
A $467.5 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 7.14%.
Property value increases in Adamstown have tracked lower than the NSW average of -0.92% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Adamstown has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Adamstown is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 102th in terms of most discounted suburbs in NSW
Information supplied by:
A suburb of Newcastle, Adamstown is situated around 6km from the city’s CBD. It’s an ideal spot for families as it’s an easy commute to the city and is also home to a number of quality schools, including the St Pius X High School, Adamstown Primary School and St Columba's Primary School.
Apartment stock in this suburb ranges from older, rectangular block buildings built several decades ago, through to more modern off the plan apartments that are starting to become more prevalent in the area. Older apartments are more affordably priced, while buyers will pay a premium of up to $100k for a brand new unit.