Kotara

POSTAL CODE: NSW, 2289

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 18.58% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,045,000

The augmented property values in the suburb are trailing above the territorial average of 6.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $780.

Home owners selling their properties and realtors in KOTARA usually have to wait an average of 37.8 days days before their assets are lifted off the market.

The NSW suburb ranks 298th on the list of best yielding suburbs for rental properties in NSW, posting a 3.88% return.

It also places places 146th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that KOTARA, 2289 obtained a 9.73% growth over a ten-year period. It ranks 34th on our list of suburbs that property investors should look into.

KOTARA, 2289 has a capital gain of -0.82% for the past year, which is lower than average compared to its 22.3% growth within a five-year period.

With the median home price in KOTARA sitting at $850,000, and the average rent at $800, property owners could potentially earn a 4.89% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in KOTARA are low, as opposed to average gains per annum over the past five years.

KOTARA, 2289 in NSW belongs to the local government area of Newcastle.

Surburb overview

Kotara is a residential and commercial suburb in the City of Newcastle, NSW, with postcode 2289, situated between New Lambton, Adamstown Heights, Garden Suburb and Charlestown.

The suburb is about eight kilometres south-west of Newcastle’s central business district, with major roads including the Pacific Highway and Northcott Drive providing connections across Newcastle and Lake Macquarie.

The 2021 Census recorded about 4,000 residents in Kotara, with separate houses being the predominant housing type. Established residential neighbourhoods occupy much of the suburb, while substantial retail and commercial development is concentrated around Northcott Drive and Park Avenue.

Kotara railway station is located on the Central Coast & Newcastle Line and provides passenger services towards Newcastle Interchange, the Central Coast and Sydney. Bus services also connect Kotara with Newcastle, Charlestown, New Lambton, Adamstown and other surrounding suburbs.

Kotara South Public School and St James’ Primary School provide primary education in the local area, while Kotara High School provides secondary education.

Westfield Kotara is a major retail centre containing supermarkets, department stores, specialty shops, dining venues, cinemas and other services. The nearby Kotara Home precinct provides additional large-format retail businesses, while Charlestown Square offers another major shopping centre a short drive away.

Medical centres, pharmacies, dental practices and allied healthcare providers operate in Kotara and surrounding suburbs, while John Hunter Hospital at New Lambton Heights provides major emergency and specialist services.

Nesbitt Park provides sporting fields, playground facilities and public open space within the suburb. Nearby Blackbutt Reserve contains walking tracks, picnic areas, playgrounds and wildlife exhibits within a substantial bushland environment.

The Fernleigh Track is accessible from neighbouring Adamstown and provides a shared walking and cycling route south towards Belmont.

Glenrock State Conservation Area contains bushwalking and mountain biking trails through forest and coastal environments. Merewether Beach is accessible by road for swimming and surfing, while sporting grounds and neighbourhood parks across Kotara and adjoining suburbs offer additional recreational options.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,045,000	$850,000
Growth Report
Median Quarterly	6.09%	0.59%
Median 12 month	9.42%	-0.82%
Median 3 years	18.58%	28.79%
Median 5 years	58.57%	22.3%
10 years average annual	7.57%	9.73%
Weekly media advert. rent	$780	$800
Time on Market	37.8 days	N/A
Gross Rental Yield Percent	3.88%	4.89%

Demographics (Median Values)*

Total Population 19117

Weekly Household Income 1605

Household Size 2.60

Average Age 39

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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