SUBURB PROFILE: Adamstown

SUBURB SNAPSHOT

Enjoying a central position bordered by Merewether, Broadmeadow, Kotara and New Lambton, Adamstown is a suburb which has gained in popularity in recent years.

In its formative years, like many of its neighbouring suburbs, Adamstown’s industry revolved around coal mining. 

These days it has become a sought-after location, close to the city and beaches without the price tag.

LIFESTYLE

It offers easy access to the Fernleigh Track, which extends over approximately 15.5 kilometres between Adamstown to Belmont.

It is a quick car or bike ride to the inner city, beautiful beaches and the harbour. It also has easy access to major shopping centres, schools, parks, public transport and the Brunker Road corridor is targeted for urban renewal. 

Developers have recognised the value in Adamstown, with several new townhouse and apartment complexes being planned for the suburb.

FROM THE EXPERT

- Presented by Matthew Waddell, general manager Robinson Property

Adamstown has seen extraordinary growth over the 2017 calendar year with a 24.9 per cent increase in median price for houses to $718,000 and 5.3 per cent increase in median price for apartments to $450,000.

This can be partly attributed to the small volume of sales for the same period.

With only 67 houses and 33 apartments selling, this is the lowest volume of sales for at least 17 years, according to Australian Property Monitors data.

Adamstown is extremely popular with families being close to great schools, shops, beaches and the city. Everything you need is only 10 minutes away.

While we don’t expect to see 25 per cent increases in prices each year, Adamstown is expected to continue its impressive growth.