Suburb Profile Report for Adamstown NSW (2289)

Adamstown House: Median price $675,000, Annual capital growth 7.14%, Number of sales 90, Weekly median advertised rent $468

Adamstown Unit: Median price $410,000, Annual capital growth 4.40%, Number of sales 33, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:


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
$675,000 $410,000
-1.39% -11.01%
-5.13% -24.04%
7.14% 4.40%
$468 $400
90 33
3.60% 5.07%
75.2 76.4814814814815

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (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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