Killingworth is a small town located south of West Wallsend, New South Wales and east of the Sydney-Newcastle Freeway. It is part of the West Ward of the City of Lake Macquarie local government area. It has a population of 679 as per 2016 census. Of these 52% are males and 47% females. Killingworth was established due to coal mining which continued from 1892 till the Great Depression. The suburb is in close proximity to schools and shopping. The suburb has a population of older couples and families and retired couples and families along with youngsters. The suburb is perfect for families with kids, singles and professionals. It is a wonderful neighbourhood with good options to buy and sell homes.
Real Estate in Killingworth
Median selling price for houses here is $537,500. This is at an increase of -8.1% in the period April 2019 – March 2020 compared to last year. Median selling price of homes in the previous year was $585,500. Total sales of homes was 6 in the period April 2019 – March 2020. Home sales peak in July and September every year. The median rent for homes is $425 per week at a growth rate of 4.1%. This is for 2 homes that went on rent in the last 12 months. Killingworth is good for property management as you can buy and sell homes and units currently.
Population in Killingworth
This suburb has a large younger population. There are 57% couples, 28% are couples with no children and 15% are single-parent families. Seniors above the age of 50 are over 95 people. Between 40 to 59 years, there are about 220 people, and between 20 to 39 years there are about 170 people. Below 5 years, there are about 40 babies and toddlers while between 5 to 19 years, there are about 150 children.
Income in Killingworth
Weekly household income is $1500+ for about 110 households. The same is between $500 to $1499 per week for another 70 households. About 10 households earn below $500 per week. 39% of the suburb’s residents are employed in full-time work, 23% in part-time work, 4% are unemployed and 30% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 78% of them drive their car to work and 1% worked from home.
Homes in Killingworth
There are 99% separate houses as types of dwellings along with 1% semis or terraces. 29% homes are fully owned, 62% are purchasing homes and 8% 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