Adamstown is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2289). With a population of 6,335, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Adamstown is $1.6 million, having surged 46.4% over the past year. Units have a median price of $898,000 (+20.5% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.4%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Adamstown offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.5x is considered stretched. House prices have moved +46.4% year-on-year.
Adamstown is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2289). With a population of 6,335, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Adamstown is $1.6 million, having surged 46.4% over the past year. Units have a median price of $898,000 (+20.5% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.4%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Adamstown offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.5x is considered stretched. House prices have moved +46.4% year-on-year.