Giving property investors a a solid capital gain of 31.67% for the last year, Adamstown, 2289 is the 115th highest performer in Australia in this respect.
Adamstown,2289 has offered an average of 31.67% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Adamstown is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 637th in NSW when ranking the most discounted suburbs.
Residents and property investors in Adamstown have been waiting around 35.84 days to sell a property.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 8.49%.
Over the last year, property investments in Adamstown, 2289 have given investors a capital gain of 0.00%. This compares very badly with the 8.39% for NSW as a whole.
Across a shorter period, Adamstown, 2289 has seen a median price increase of -3.64% over the last quarter.
Sellers are offering property buyers an average discount of -2.74% to buyers in Adamstown at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
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.Full summary
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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.Close