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%
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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.