18 Mabel Street, Georgetown
A lovely family from Sydney is moving to Newcastle for a new job and an improved lifestyle. We showed them numerous houses in a wide range of suburbs. They decided they loved Georgetown and this great house which we bought for them on the first weekend it came to the market.
Bought: $950,000
Suburb Snapshot: Georgetown
Georgetown is located 6 kilometres from Newcastle’s central business district. It is a central, sought after location with a small local shopping centre in the suburb and close by is Waratah Village with Kmart, Coles and other specialty shops.
There is a wide variety of public and private schools in the area.
The Mater Hospital is 2km and there is easy access to transport.
Georgetown is approximately 0.5 square kilometres. It has 1 park. In 2016 the population was 1,967. The predominant age group in Georgetown is 20-29 years. Households in Georgetown are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Georgetown work in a professional occupation. In 2011, 68.4% of the homes in Georgetown were owner-occupied compared with 68.6% in 2016.
Currently the median sales price of houses in the area is $925,000.
Based on five years of sales, Georgetown has seen a compound growth rate of 16.5% for houses and 9.2% for units.
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