Suburb Profile Report for Kotara NSW (2289)

Kotara House: Median price $600,000, Annual capital growth 6.09%, Number of sales 90, Weekly median advertised rent $460

Kotara Unit: Median price $410,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Kotara has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.89%

Kotara,2289 has offered an average of 12.89% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Kotara should be aiming for at least -4.34% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 7.50 sales per month, which equates to 90 per year.

The NSW suburb of Kotara, 2289 is in the Newcastle local government area.

If we look at median property appreciation over just the last three months, Kotara has given property investors a paper return of 1.23%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in NSW

Metrics i HOUSE UNIT
$600,000 $410,500
4.35% 1.23%
12.89% N/A
6.09% N/A
$460 $490
90 12
3.99% 6.21%
29.77 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3916
Median household income ($/weekly) 1297
Median age of persons 39
Median housing loan repayment ($/monthly) 1863
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 490 12.5
    25-34 years 447 11.4
    35-44 years 572 14.6
    45-54 years 490 12.5
    55-64 years 366 9.3
    Others 1551 39.6
    Age Group
    Census Count Percent(%)
    Registered Married 1621 54.8
    Not Married 1109 37.5
    Defacto Relationship 230 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3441 90.3
    Greece 19 0.5
    Papua New Guinea 31 0.8
    United Kingdom 112 2.9
    Other 50 1.3
    Others 157 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.0
    Christianity 2696 73.1
    Hinduism 22 0.6
    Other Religious Groups 15 0.4
    No Religion 902 24.5
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 154 11.4
    $600-$799 127 9.4
    $800-$999 122 9.1
    $1,500-$1,999 160 11.9
    $2,000-$2,499 166 12.3
    Others 619 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1108 36.0
    Employed, worked full-time 1096 35.6
    Employed, worked part-time 668 21.7
    Employed, away from work 123 4.0
    Unemployed, looking for work 82 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 508 26.9
    Technicians & trades workers 243 12.9
    Community & personal service workers 182 9.6
    Clerical & administrative workers 301 15.9
    Sales 217 11.5
    Others 437 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 90 9.4
    Infants/Primary 337 35.2
    Secondary 239 24.9
    Technical or Further Educational Institution 98 10.2
    University or other Tertiary Institutions 172 18.0
    Others 22 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3570 94.3
    Semi-detached, row or terrace house, townhouse 201 5.3
    Flat, unit or apartment 14 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 644 43.9
    Being purchased 571 38.9
    Rented 248 16.9
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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