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Georgetown suburb profile

Georgetown is a charming suburb located in the city of Newcastle, New South Wales, known for its friendly community and convenient location. Situated just a short drive from Newcastle's bustling CBD, Georgetown offers residents a peaceful suburban lifestyle with easy access to urban amenities. The suburb features a mix of classic and contemporary homes, tree-lined streets, and local parks, making it an attractive option for families and professionals. With its proximity to schools, shopping centers, and public transport, Georgetown provides a balanced lifestyle, combining the tranquility of suburban living with the vibrancy of city life.

Georgetown property market performance

Georgetown's property market has shown a significant rise in house values, with an increase of 22.4% over the past 12 months, although unit values remained stable with no growth. Despite this, the current data for median house and unit prices hasn't been reported. Nine houses and six units were sold during this period, reflecting some level of sales activity.

Houses have been selling quickly, with a median of 29 days on the market, while units have not had recent on-market activity, potentially indicating a limited supply or demand. This situation suggests more dynamic movement in the house sector compared to units.

Georgetown's rental market has experienced upward trends, with house rents increasing by 10.3%, bringing the average to $750, and unit rents rising by 6.4% to $500 over the last 12 months, indicating a rising demand for rental properties.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
21.9%N/A
Sold
Past 3 months
94
Median days on market
Past 12 months
30N/A
Average rent
Past 12 months
$750$500
Change in rent
Past 12 months
10.3%5.3%

5 year median price trend for houses and units

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Georgetown demographics

Georgetown, a charming suburb located in the Newcastle region of New South Wales, offers a blend of suburban tranquility and convenient access to urban amenities. With a population of 2,072, it is a close-knit community that appeals to families and professionals alike. The median age of 36 suggests a balanced demographic, with a mix of young families and established residents enjoying the area's peaceful environment and proximity to Newcastle's bustling city life.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 26.8% of properties owned outright and 42.6% owned with a mortgage. This indicates a stable community with many long-term residents. Additionally, 30.6% of properties are rented, providing options for those seeking flexibility or temporary accommodation. The median total household income of $2,005 per week reflects a comfortable standard of living, supporting a variety of lifestyles.

Family life is a prominent feature of Georgetown, with 39.2% of households being couple families with children and 42.2% being couple families without children. One-parent families make up 17.1% of the community, highlighting the suburb's inclusive nature. The presence of local parks, schools, and community facilities further enhances its appeal to families. Georgetown's blend of suburban charm, community spirit, and accessibility makes it a desirable place to call home.

Suburbs near Georgetown

Some popular suburbs near Georgetown include:

  • Waratah: Known for its historic charm and community feel, Waratah is located directly west of Georgetown.
  • Hamilton North: Featuring a mix of residential and industrial areas, Hamilton North is situated to the south of Georgetown.
  • Mayfield: Known for its vibrant shopping precincts and diverse community, Mayfield lies to the northeast of Georgetown.
  • Broadmeadow: Famous for its sporting facilities and central location, Broadmeadow is located to the southeast of Georgetown.
  • Waratah West: Offering a suburban feel with proximity to educational institutions, Waratah West is situated to the northwest of Georgetown.

How does Georgetown compare to nearby suburbs?

  • Median house prices: Georgetown’s median house price is 18.4% higher than Waratah’s.
  • House price growth: Over the past 12 months, house prices in Georgetown have grown 16.3% higher than in Waratah.
  • Selling speed for houses: Properties in nearby Waratah are selling 43.3% faster than in Georgetown.

Choose the right real estate agents in Georgetown

There are 28 real estate agents in Georgetown, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 49.0% of all sales in the past year.

Commission rates in Georgetown typically range from 1.87% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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