Georgetown is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2298). With a population of 2,072, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $104K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Georgetown is $883,000, having dropped significantly 18.1% over the past year. Units have a median price of $430,000 (-46.2% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,000.
Public transport access includes 12 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Georgetown offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($883K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -18.1% year-on-year.
Georgetown is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2298). With a population of 2,072, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $104K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Georgetown is $883,000, having dropped significantly 18.1% over the past year. Units have a median price of $430,000 (-46.2% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,000.
Public transport access includes 12 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Georgetown offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($883K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -18.1% year-on-year.