Edgeworth is a suburb of city of Lake Macquarie local government area in New South Wales, Australia. It is 18 km. west of Newcastle’s CBD (Central Business District). It has a population of 6,207 as per 2016 census. It was initially known as Cocked Hat Creek. In 1885. The name changed to Young Wallsend in 1885. A colliery was established in 1887 by Young Wallsend Coal Company. When it comes to amenities, Edgeworth is comfortably placed with a shopping mall, a senior-care facility, 3 schools, a bowling club, junior and senior soccer clubs and pubs. It is a fast-growing community suburb. It is a decent neighbourhood with good options to buy and sell homes.
Real Estate in Edgeworth
Median selling price for houses here is $440,000. This is at an increase of -5.4% in the period April 2019 – March 2020 compared to last year. Median selling price of homes in the previous year was $465,000. Total sales of homes were 105 in the period April 2019 – March 2020. Home sales peak in March, May and October every year. The median rent for homes is $400 per week at a growth rate of 4.7%. This is for 105 homes that went on rent in the last 12 months. Median selling prices for units is $350,000 as compared to the same last year at $312,500. This is at a growth of 12% in the last 12 months as compared to the same in the previous year. Total units sold were 13 in the last 12 months. The average median rent for units per week is $305 at a growth rate of 4.5%. This is for 10 units that went on rent in the last 12 months. Edgeworth is good for property management as you can buy and sell homes and units currently.
Population in Edgeworth
This suburb has a mix of younger couples and retirees. There are 40% couples, 38% are couples with no children and 20% are single-parent families. Seniors above the age of 60 are over 1600 people. Between 40 to 59 years, there are about 1500 people, and between 20 to 39 years there are about 1600 people. Below 5 years, there are about 400 babies and toddlers while between 5 to 19 years, there are about 1100 children.
Income in Edgeworth
Weekly household income is $1500+ for about 800 households. The same is between $500 to $1499 per week for another 900 households. About 100 households earn below $400 per week. 34% of the suburb’s residents are employed in full-time work, 16% in part-time work, 3% are unemployed and 41% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 76% of them drive their car to work and 2% worked at home.
Homes in Edgeworth
There are 88% separate houses as types of dwellings. 10% semis or terraces and 2% flats are available here. 32% homes are fully owned, 38% are purchasing homes and 25% 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