Cameron Park is a suburb of city of Lake Macquarie local government area in New South Wales, Australia. It is 19 km. west of Newcastle’s CBD (Central Business District) and is close to Sydney-Newcastle freeway. It has a population of 7,995 as per 2016 census. The suburb was originally known as Estelville, named after a local politician. It was first subdivided in 1905. Cameron Park is considered good for its public transport, low cost of living, parks and recreation. It is ideally suited for those with families and retirees. It is a fast growing community suburb. There are many local schools, good sporting facilities and grounds, skate park and playground there. It is a decent neighbourhood with good options to buy and sell homes.
Real Estate in Cameron Park
Median selling price for houses here is $618,000. This is at an increase of 2.7% in the period April 2019 – March 2020 compared to last year. Median selling price of homes in the previous year was $602,000. Total sales of homes was 192 in the period April 2019 – March 2020. Home sales peak in February, October and November every year. The median rent for homes is $490 per week at a growth rate of 4.1%. This is for 204 homes that went on rent in the last 12 months. Median selling prices for units is $452,500 as compared to the same last year at $412,100 . This is at a growth of 9.8% in the last 12 months as compared to the same in the previous year. Total units sold were 12 in the last 12 months. The average median rent for units per week is $248 at a growth rate of 2.8% . This is for 2 units that went on rent in the last 12 months. Cameron Park is good for property management as you can buy and sell homes and units currently.
Population in Cameron Park
This suburb has a higher population of older couples with a mix of younger couples and youngsters. There are 60% couples, 28% are couples with no children and 11% are single-parent families. Seniors above the age of 60 are over 900 people. Between 40 to 59 years, there are about 1900 people, and between 20 to 39 years there are about 2500 people. Below 5 years, there are about 800 babies and toddlers while between 5 to 19 years, there are about 1900 children.
Income in Cameron Park
Weekly household income is $1500+ for about 1500 households. The same is between $500 to $1499 per week for another 600 households. About 100 households earn below $500 per week. 32% of the suburb’s residents are employed in full-time work, 17% in part-time work, 3% are unemployed and 42% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 77% of them drive their car to work and 3% worked at home.
Homes in Cameron Park
There are 98% separate houses as types of dwellings. 2% semis or terraces are available here. 19% homes are fully owned, 58% are purchasing homes and 22% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au