Suburb Profile Report for Cooks Hill NSW (2300)

Cooks Hill House: Median price $1,040,500, Annual capital growth 9.25%, Number of sales 55, Weekly median advertised rent $490

Cooks Hill Unit: Median price $620,000, Annual capital growth 6.45%, Number of sales 54, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 140th in the list of Australian suburbs ordered by increase in median house value over the last year, Cooks Hill, 2300 is in the top 10% with a property value increase of 27.67% recorded in median house prices.

Comparing Cooks Hill,2300 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Cooks Hill is $1040500, with sellers offering an average of -4.88% off the asking price.

With the median price for a house in Cooks Hill being $1040500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.45%

Giving property investors a a solid capital gain of 16.43% for the last year, Cooks Hill, 2300 is the 233th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cooks Hill has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Cooks Hill is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in NSW

Situated 98.79km from the CBD, Cooks Hill is one of Newcastle localities in the postcode 2300.

YIP MAG Information supplied by:

YIP MAG
November 2015

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Don’t be put off by Cooks Hill’s high median house price of $795,000.Full summary Don’t be put off by Cooks Hill’s high median house price of $795,000.

There are some excellent options for purchasing property in this suburb for under $600,000.

This includes two-bedroom houses on Bruce Street, which is within walking distance of the popular shopping and dining precinct on Darby Street.

This kind of property would suit young professionals who can take advantage of the fact that it neighbours the Newcastle CBD.

For around the median price there are also threebedroom houses on Bull Street that are ideal for families.

Houses in this suburb are already selling quickly, as they typically spend just 39 days on the market, which is a strong figure for the Newcastle LGA.

Other indicators of healthy current demand are the auction clearance rate of 72.2% and the fact that there’s 1.12% of stock on the market, according to DSRdata.com.au.

This is not too surprising given the suburb’s sought-after location just a few minutes’ drive from Bar Beach, not to mention the trendy new cafes that have been popping up recently.

And one of the best things about investing in Newcastle is all the infrastructure development that’s underway.

One such development is the $95m education precinct in the CBD.

This will mean that 3,500 students will be able to attend this campus during the day, with the first students commencing in 2017.Close
Metrics i HOUSE UNIT
$1,040,500 $620,000
7.82% 10.22%
27.67% 16.43%
9.25% 6.45%
$490 $420
55 54
2.45% 3.52%
44.32 38.48

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Cooks Hill NSW
Demographics
Total population 3621
Median household income ($/weekly) 1398
Median age of persons 32
Median housing loan repayment ($/monthly) 1950
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 466 12.9
    25-34 years 876 24.2
    35-44 years 475 13.1
    45-54 years 420 11.6
    55-64 years 405 11.2
    Others 979 27.0
    Age Group
    Census Count Percent(%)
    Not Married 1552 55.6
    Registered Married 822 29.5
    Defacto Relationship 416 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2974 87.3
    Papua New Guinea 49 1.4
    United Kingdom 132 3.9
    United States of America 23 0.7
    Other 73 2.1
    Others 156 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 1.9
    Christianity 1873 57.0
    Islam 19 0.6
    Other Religious Groups 22 0.7
    No Religion 1293 39.4
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 9.6
    $400-$599 108 7.5
    $1,500-$1,999 177 12.3
    $2,000-$2,499 115 8.0
    $2,500-$2,999 168 11.7
    Others 729 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1363 45.6
    Not in the labour force 785 26.3
    Employed, worked part-time 616 20.6
    Employed, away from work 118 4.0
    Unemployed, looking for work 104 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 223 10.6
    Professionals 875 41.7
    Technicians & trades workers 209 10.0
    Community & personal service workers 201 9.6
    Clerical & administrative workers 229 10.9
    Others 360 17.2
    Occupation
    Census Count Percent(%)
    Pre-school 65 6.8
    Infants/Primary 186 19.4
    Secondary 117 12.2
    Technical or Further Educational Institution 108 11.3
    University or other Tertiary Institutions 456 47.5
    Others 28 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1461 44.1
    Separate house 1133 34.2
    Flat, unit or apartment 712 21.5
    House or flat attached to a shop, office 10 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 863 54.6
    Being purchased 377 23.8
    Fully owned 335 21.2
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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