Suburb Profile Report for Hamilton NSW (2303)

Hamilton House: Median price $610,000, Annual capital growth 5.60%, Number of sales 78, Weekly median advertised rent $440

Hamilton Unit: Median price $428,500, Annual capital growth 3.57%, Number of sales 32, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Hamilton, 2303 have given investors a capital gain of 3.83%. This compares badly with the 6.87% for NSW as a whole.

If we look at median property appreciation over just the last three months, Hamilton has given property investors a paper return of 0.83%. This puts Suburb as 903 on a list of fastest fasting appreciating suburbs in NSW

Hamilton2303 is located in NSW which offers an average discount of -5.49% to property investors. Hamilton itself is showing figures that indicate -2.20% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 3.75%

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 -0.35%

Taking the average capital gain, or increase in median house value, Hamilton,2303 has racked up an average of -0.35% over the period. This ranks it number 542th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Hamilton are currently offering property investors an average price cut of -1.94% below the asking price at the moment.

Situated 87.11km from the CBD, Hamilton is one of Newcastle localities in the postcode 2303.

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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
$610,000 $428,500
0.83% 1.12%
3.83% -0.35%
5.60% 3.57%
$440 $350
78 32
3.75% 4.25%
54.9 57.42

Source: CoreLogic

DSR Score for property investment : Very good (H), Balanced (U)
Find a mortgage broker in Hamilton NSW
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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