Kotara is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2289). With a population of 3,980, the suburb has an established demographic with a median age of 39. Households earn a median income of $108K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Kotara is $994,000, having increased 2.2% over the past year. Units have a median price of $830,000 (+2.8% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,167.
Kotara is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 942, which is below the national average of 1,000. Public transport access includes 44 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Kotara offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($994K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +2.2% year-on-year.
Kotara is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2289). With a population of 3,980, the suburb has an established demographic with a median age of 39. Households earn a median income of $108K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Kotara is $994,000, having increased 2.2% over the past year. Units have a median price of $830,000 (+2.8% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,167.
Kotara is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 942, which is below the national average of 1,000. Public transport access includes 44 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Kotara offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($994K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +2.2% year-on-year.