Adamstown (postcode 2289) is a medium-sized suburb in New South Wales within the Newcastle local government area. It is home to about 6,335 residents, with a mix of families and early-career residents and a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Adamstown is $1.2 million, having risen solidly by 9.1% over the past year. Units have a median price of $678,000 (-10% YoY). The current median weekly rent is $745. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,100.
Adamstown is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 1 rail station, 44 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
On the investment side, Adamstown shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +9.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.