Question 1

Is Adamstown Heights a nice place to live?

Accepted Answer

Adamstown Heights is a quiet, residential suburb in Newcastle’s western suburbs with leafy streets and predominantly single-storey brick homes and weatherboard cottages from the middle decades of the last century, alongside pockets of renovated houses and newer townhouses. The community is weighted towards couple families, and most homes are owner-occupied. Daily life centres on local parks, sporting fields and small shopping strips, while larger retail and services are close by in Kotara and Charlestown. Road and public transport links into Newcastle and easy access to coastal beaches suit commuters and people who value established gardens and relaxed street-front living.

About 5,621 people live in Adamstown Heights, with a median age of 39 and a median household income of $2,325 a week. Local school intake arrangements have been affected by a nearby high school redevelopment, with a transition in place that lets families in the affected areas enrol at either Newcastle High or Kotara High. Recent local works include a bicycle and walking path on Cynthia Street and a cricket wicket upgrade at Pickering Oval.

Question 2

Is it expensive to live in Adamstown Heights?

Accepted Answer

On these figures, housing in Adamstown Heights sits well above what local households earned at the last Census. A median house price of $1,450,000 works out to about 12.0 times a typical local household's annual income at the last Census, a high multiple of local income.

Renting looks less stretched than buying. The average house rent of $785 a week would take about 33.8% of a typical local household's weekly income at the last Census, a sizeable share, while the average unit rent of $540 a week would take about 23.2%, a moderate share. If you are renting rather than buying, those rent shares are the figures that matter for comparing costs against local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Adamstown Heights a good place to invest?

Accepted Answer

House values in Adamstown Heights rose 16.9% over the past 12 months, a strong increase in what a house here is worth. Over the same period the rent on houses edged up 0.6%, a slight rise in rental income.

For someone weighing Adamstown Heights as an investment, the figures show notable capital growth for houses during the year while rental income from houses moved only marginally. Whether that balance suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.45M	N/A
Change in value Past 12 months	16.9%	N/A
Sold Past 3 months	21	1
Median days on market Past 12 months	22	N/A
Average rent Past 12 months	$785	$540
Change in rent Past 12 months	0.6%	N/A

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