Islington is a suburb in Newcastle, Australia, in its Hunter Region. It is 4 km. from Newcastle’s CBD (Central Business District). It’s a small suburb with an area of 0.7 sq. km. The population was 1,806 people in 2011 that increased to 1,877 in 2016 at a growth of 4.5% in 5 years.
It started out as a residential suburb in 1870s. Later it grew into more of a commercial centre. The area had a prostitution issue and a local residents committee was formed to look into it though some issues still persist.
There are 3 parks here, schools, childcare facilities, and a shopping centre This suburb is growing nicely. It is lucrative for both first-time home purchasers and for investment purpose. It is just a short walk away from Beaumont Street, close to beaches and Hunter Institute of Technology.
The suburb is popular for eating out, schools, public transport, parks and internet access. It is home to professionals, families and seniors.
It is a friendly neighbourhood with good options to buy and sell homes.
Real Estate in Islington
Median selling price for houses here is $637,500 in July 2020. This is at a very small increase of 0.14% in the period July 2019 – July 2020 as compared to last year. Median selling price of homes in July 2019 was $637,500. Total sales of homes was 36 in the July 19-Julye 20 time period.
The median rent for homes is $450 per week at a growth rate of 4.1%. This is for 2 homes that were on the market for rent in the last month.
Median selling price for units in July 20 was $650,000 at an increase of 6.91% compared to last year. This is for 14 units that were sold in the the July 19-July 20 time period. 3 units were listed for rent in the last one month for a median rent of $390 per week at an increase of 4.4%.
Islington is popular for property management as you can buy and sell homes and units currently.
Population in Islington
This suburb has a mix of couples, families and retirees. There are 45% couples without children, 28% couples with children and 23% single-parent families.
Seniors above the age of 60 are 13% people. Between 40 to 59 years, there are about 27% people, and between 20 to 39 years there are about 41% people. Up to 19 years, there are about 19% babies and children.
The maximum people here are in the 20-29 years age group. Couples without children are the largest group in the population here. Mortgage repayments range from $1800 – $2399 per month. Professionals love this suburb.
Income in Islington
Household income is up to $52,000 for about 34% households. The same is between $52,000 and $130,000 for another 41% households. The rest earn between $132,000 to $182,000.
Homes in Islington
21% homes are fully owned, 28% are purchasing homes and 47% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. 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