Suburb Profile Report for Hamilton East NSW (2303)

Hamilton East House: Median price $795,000, Annual capital growth 1.71%, Number of sales 17, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Hamilton East have tracked lower than the NSW average of 7.15% over the last 12 months.

Over the longer term, Hamilton East has seen property prices show investors a 4.61% return over the last 3 years. This is worse than over the last 12 months

With the median price for a house in Hamilton East being $795000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 3.34%

YIP MAG Information supplied by:

YIP MAG
February 2016

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For investors looking for positive cash flow properties, Newcastle’s Hamilton East probably isn’t the right targetFull summary For investors looking for positive cash flow properties, Newcastle’s Hamilton East probably isn’t the right target.

The median house price in the suburb currently sits at $1,055,000, and with an average weekly rent of just $495 the rental yield is only 2%.

While that may not be ideal for investors interested in a passive income, those who have bought in Hamilton East are enjoying the benefits of strong capital growth.

In the past year, the median house price has risen 46%, and over the last five years it has risen 52%.

No doubt helping Hamilton East’s performance are the numerous educational facilities on offer, with private and public secondary schools in the area, along with a TAFE campus.

There are also ample parklands nearby, while the banks of the Hunter River are just a short walk away.Close
HOUSE UNIT
$795,000 N/A
1.27% N/A
-16.32% N/A
1.71% N/A
$510 N/A
17 N/A
3.34% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Hamilton East NSW
Demographics
Total population 901
Median household income ($/weekly) 1810
Median age of persons 43
Median housing loan repayment ($/monthly) 2492
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 122 13.5
    35-44 years 112 12.4
    45-54 years 144 16.0
    55-64 years 153 17.0
    65-74 years 74 8.2
    Others 297 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 366 53.7
    Not Married 261 38.3
    Defacto Relationship 54 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 774 88.6
    Hong Kong 24 2.7
    United Kingdom 23 2.6
    United States of America 10 1.1
    Other 11 1.3
    Others 32 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 589 70.4
    No Religion 237 28.3
    Buddhism 8 1.0
    Other Religious Groups 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 26 8.7
    $1,500-$1,999 32 10.7
    $2,000-$2,499 31 10.3
    $2,500-$2,999 46 15.3
    $3,000-$3,499 26 8.7
    Others 139 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 265 37.2
    Not in the labour force 237 33.2
    Employed, worked part-time 162 22.7
    Employed, away from work 32 4.5
    Unemployed, looking for work 17 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 69 15.1
    Professionals 163 35.7
    Technicians & trades workers 30 6.6
    Clerical & administrative workers 68 14.9
    Sales 55 12.0
    Others 72 15.8
    Occupation
    Census Count Percent(%)
    Pre-school 18 7.5
    Infants/Primary 87 36.3
    Secondary 60 25.0
    Technical or Further Educational Institution 15 6.3
    University or other Tertiary Institutions 57 23.8
    Others 3 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 797 93.9
    Semi-detached, row or terrace house, townhouse 42 4.9
    Flat, unit or apartment 10 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 164 51.1
    Being purchased 104 32.4
    Rented 53 16.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals