Suburb Profile Report for Hamilton NSW (2303)

Hamilton House: Median price $620,000, Annual capital growth 6.06%, Number of sales 85, Weekly median advertised rent $440

Hamilton Unit: Median price $429,250, Annual capital growth 3.77%, Number of sales 31, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Hamilton have tracked close to the NSW average of 7.28% over the last 12 months.

The five-year average increase in median property values for Hamilton,2303 has given property investors a potential capital gain of 35.82% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Hamilton is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1154th in terms of most discounted suburbs in NSW

A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.06%.

Over the last year, property investments in Hamilton, 2303 have given investors a capital gain of 2.08%. This compares badly with the 5.73% for NSW as a whole.

Hamilton,2303 has offered an average of 2.08% return per annum in house price rises to property investors over the last three years.

The most recent median price for Hamilton is $429250, with sellers offering an average of -1.94% off the asking price.

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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
$620,000 $429,250
4.20% 1.30%
5.08% 2.08%
6.06% 3.77%
$440 $360
85 31
3.69% 4.36%
45 58.35

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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