Adamstown Suburb Profile
Adamstown is a well-established suburb located roughly 6 kilometres west of Newcastle's CBD and offers a convenient and vibrant lifestyle for its residents. With a mix of older-character homes and modern developments, Adamstown is an attractive suburb for families, professionals, and individuals seeking a blend of suburban living and easy access to city amenities.
Adamstown Property Market Guide
Property Types: The range of housing options, from period-style homes to contemporary townhouses, caters to those wanting to have their own slice of Newcastle’s history. There’s a growing number of medium density unit developments along the Brunker Road precinct including the likes of The Foundry development, although the suburb is predominantly made up of freestanding houses.
Median Property Value: As of the most recent data, the median value of residential properties in Adamstown is approximately $880,000 which includes all property types. The property market in the suburb has shown steady growth over the past few years, making it an attractive option for both homebuyers and investors. Given its proximity to the beaches of Merewether & Bar Beach, its seen some strong owner occupied demand in recent times.
Rental Prices: The median rental price for properties in Adamstown is around $650-$750 per week, taking into account the mix of unit & house rental accommodation. A freestanding house is likely to attract a much higher rent, while a one-bedroom unit will achieve a lower rental than the median. Renting in Adamstown is popular due to its proximity to the city centre, amenities, schools, and proximity to the coastline, making it a sought-after location for tenants.
Future Growth Prospects: Adamstown's future growth prospects remain promising. The suburb's proximity to Newcastle's CBD and ongoing development in the area contribute to its potential for capital appreciation. Specifically, the Newcastle City Council has outlined Adamstown as part of one of its planning growth corridors which is likely to attract re-zoning and continued development into the future. Additionally, its convenient location and attractive lifestyle offerings are likely to continue attracting homebuyers and investors alike.
Schools
Adamstown offers access to several quality educational institutions for residents, including both public and private schools. Some of the notable schools in the area include:
Distance to CBD and Closest Beach
Adamstown is situated approximately 6 kilometres west of Newcastle's CBD, making it a convenient commute for those working in the city centre. The suburb is also roughly 5 kilometres east of Merewether Beach, one of Newcastle's most popular and picturesque coastal destinations.
Local Cafes, Bars, and Restaurants
Residents of Adamstown are spoiled for choice when it comes to dining and entertainment options. The suburb boasts a diverse range of cafes, bars, and restaurants, offering cuisines from all around the world. Some popular local establishments include:
Public Spaces
Adamstown provides various public spaces for outdoor activities and relaxation. Some of the popular public spaces in the suburb include:
Adamstown is a thriving suburb with a strong sense of community, excellent amenities, and convenient access to both the city and the coast. Its diverse property market, coupled with its future growth prospects, makes it an appealing choice for residents and investors alike.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the local market.