Suburb Profile Report for Hamilton NSW (2303)

Hamilton House: Median price $602,500, Annual capital growth 5.27%, Number of sales 79, Weekly median advertised rent $440

Hamilton Unit: Median price $429,250, Annual capital growth 3.22%, Number of sales 34, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Hamilton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.99%

A 32.71% growth in median value for property investors in Hamilton,2303 puts this suburb at number 1064th in terms of best performing suburbs in NSW

Hamilton, 2303 is offering NSW ‘s 1180th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

Investment property in Hamilton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.17%

Across a shorter period, Hamilton, 2303 has seen a median price increase of 2.39% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Hamilton itself are offering an average vendor discount of -2.09% to real estate investors.

Residents and property investors in Hamilton have been waiting around 73 days to sell a property.

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Newcastle suburb Hamilton is just a short walk from the CBD. It’s one of Newcastle’s key lifestyle suburbs, with a wide range of restaurants, bars and shops along Beaumont Street. It is also linked by rail to the rest of the city by the Newcastle-Maitland line, and the Pacific Highway leading north and south is easily accessible by a short drive.

Full summary

Newcastle suburb Hamilton is just a short walk from the CBD. It’s one of Newcastle’s key lifestyle suburbs, with a wide range of restaurants, bars and shops along Beaumont Street. It is also linked by rail to the rest of the city by the Newcastle-Maitland line, and the Pacific Highway leading north and south is easily accessible by a short drive.

The median house price for the suburb is expensive compared to some of the outer suburbs of Newcastle, but very favourable when compared to the CBD and premium suburbs like Cooks Hill.

PRDnationwide analyst Oded Etzioni reckons that increased business investment in Newcastle is the key to the suburb’s future performance.

“Business investment in Newcastle and surroundings is attracting more people to the area,” says Etzioni. “Demand for accommodation close to the CBD is reflected in the performance of both house and unit product. Still affordable when compared to similar locations in larger metropolitan areas, the suburb of Hamilton offers peaceful living with close proximity to employment, transport and parks.”

Close
HOUSE UNIT
$602,500 $429,250
-0.82% 2.39%
2.99% -0.17%
5.27% 3.22%
$440 $350
79 34
3.80% 4.24%
59.79 73

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4071
Median household income ($/weekly) 1078
Median age of persons 38
Median housing loan repayment ($/monthly) 1863
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 425 10.4
    25-34 years 736 18.1
    35-44 years 527 12.9
    45-54 years 531 13.0
    55-64 years 455 11.2
    Others 1397 34.3
    Age Group
    Census Count Percent(%)
    Not Married 1659 53.3
    Registered Married 1025 32.9
    Defacto Relationship 430 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3190 83.1
    Hong Kong 64 1.7
    Japan 88 2.3
    United Kingdom 134 3.5
    Other 82 2.1
    Others 283 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 1.9
    Christianity 2448 66.0
    Hinduism 17 0.5
    Islam 17 0.5
    No Religion 1136 30.6
    Others 20 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 176 11.1
    $400-$599 183 11.5
    $600-$799 152 9.6
    $800-$999 135 8.5
    $1,500-$1,999 167 10.5
    Others 778 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1236 36.9
    Not in the labour force 1152 34.4
    Employed, worked part-time 680 20.3
    Unemployed, looking for work 148 4.4
    Employed, away from work 133 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 192 9.4
    Professionals 672 32.8
    Technicians & trades workers 233 11.4
    Community & personal service workers 241 11.8
    Clerical & administrative workers 283 13.8
    Others 428 20.9
    Occupation
    Census Count Percent(%)
    Pre-school 54 5.8
    Infants/Primary 209 22.4
    Secondary 153 16.4
    Technical or Further Educational Institution 110 11.8
    University or other Tertiary Institutions 382 40.9
    Others 27 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2770 74.5
    Flat, unit or apartment 463 12.5
    Semi-detached, row or terrace house, townhouse 442 11.9
    House or flat attached to a shop, office 42 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 737 43.0
    Fully owned 524 30.6
    Being purchased 430 25.1
    Other tenure type 23 1.3
    Tenure Type
Census 2011, ABS
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