Suburb Profile Report for Adamstown NSW (2289)

Adamstown House: Median price $670,000, Annual capital growth 7.90%, Number of sales 77, Weekly median advertised rent $465

Adamstown Unit: Median price $455,500, Annual capital growth 5.76%, Number of sales 34, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of -8.22% for the last 12 months, Adamstown, 2289 has performed for property investments than its average annual 7.90% property growth over the last 5 years.

While Adamstown,2289 ranked number 1069th in NSW for increase in median house value (annualised) increase, it is ranked 767th over the last 5 years.

Adamstown2289 is located in NSW which offers an average discount of -7.34% to property investors. Adamstown itself is showing figures that indicate -6.97% is the average achievable by property buyers investing in the suburb.

In the last year 77 properties changed hands in Adamstown, which puts it as the 298th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $24180 per annum or $465 every week.

At number 1426th in the list of Australian suburbs ordered by increase in median house value over the last year, Adamstown, 2289 is in the BOTTOM 10% with a property value increase of -20.09% recorded in median house prices.

Over the longer term, Adamstown has seen property prices show investors a 9.76% return over the last 3 years. This is worse than over the last 12 months

Adamstown, 2289 is offering NSW ‘s 259th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

In the last year 34 properties changed hands in Adamstown, which puts it as the 260th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Adamstown being $455500 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.34%

Information supplied by:


February 2017

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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.
 

Metrics i HOUSE UNIT
$670,000 $455,500
-4.96% -7.04%
-8.22% -20.09%
7.90% 5.76%
$465 $380
77 34
3.61% 4.34%
68.8947368421053 62.3333333333333

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5642
Median household income ($/weekly) 1214
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 676 12.0
    25-34 years 946 16.8
    35-44 years 893 15.8
    45-54 years 777 13.8
    55-64 years 516 9.1
    Others 1835 32.5
    Age Group
    Census Count Percent(%)
    Not Married 1988 47.3
    Registered Married 1721 41.0
    Defacto Relationship 493 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4796 89.1
    Germany 55 1.0
    Papua New Guinea 59 1.1
    United Kingdom 140 2.6
    Other 71 1.3
    Others 263 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.1
    Christianity 3830 73.5
    Hinduism 21 0.4
    Islam 19 0.4
    No Religion 1276 24.5
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 198 9.4
    $400-$599 237 11.2
    $600-$799 188 8.9
    $1,500-$1,999 291 13.8
    $2,000-$2,499 207 9.8
    Others 988 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1819 41.5
    Not in the labour force 1308 29.9
    Employed, worked part-time 938 21.4
    Employed, away from work 189 4.3
    Unemployed, looking for work 125 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 300 10.2
    Professionals 726 24.6
    Technicians & trades workers 414 14.0
    Community & personal service workers 326 11.1
    Clerical & administrative workers 473 16.0
    Others 709 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 113 8.5
    Infants/Primary 435 32.9
    Secondary 324 24.5
    Technical or Further Educational Institution 134 10.1
    University or other Tertiary Institutions 301 22.8
    Others 16 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4159 77.9
    Flat, unit or apartment 594 11.1
    Semi-detached, row or terrace house, townhouse 556 10.4
    House or flat attached to a shop, office 33 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 895 39.2
    Being purchased 753 33.0
    Fully owned 620 27.1
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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