Suburb Profile Report for Hawks Nest NSW (2324)

Hawks Nest House: Median price $487,500, Annual capital growth 1.56%, Number of sales 55, Weekly median advertised rent $320

Hawks Nest Unit: Median price $370,000, Annual capital growth -1.20%, Number of sales 53, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hawks Nest has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%

Hawks Nest,2324 has offered an average of 25.00% return per annum in house price rises to property investors over the last three years.

At number 356th of NSW’s most discounted properties, Hawks Nest is in the bottom 30% of the state/territory when listing in order of most discounted to least.

At number 3099 in a list of fastest selling suburbs, Hawks Nest is in the bottom 20% of suburbs in Australia with an average of days on market 115.11 for properties listed there.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.56%, investors should hope to achieve an overall return of 3.41%

NSW has seen average median house prices change by 6.07% which means that Hawks Nest, 2324 has done well for property investors by showing a capital gain of 10.78% over the last year

Taking the average capital gain, or increase in median house value, Hawks Nest,2324 has racked up an average of 10.78% over the period. This ranks it number 295th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.36% to buyers in Hawks Nest at the moment, which is less than average for the rest of NSW.

Hawks Nest, 2324’s gross rental yield is 4.60%

Metrics i HOUSE UNIT
$487,500 $370,000
0.52% 0.00%
25.00% 10.78%
1.56% -1.20%
$320 $328
55 53
3.41% 4.60%
115.11 127

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1123
Median household income ($/weekly) 725
Median age of persons 58
Median housing loan repayment ($/monthly) 1600
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 92 8.2
    45-54 years 130 11.6
    55-64 years 199 17.7
    65-74 years 221 19.7
    75-84 years 151 13.4
    Others 330 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 431 52.4
    Not Married 321 39.1
    Defacto Relationship 70 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 929 87.5
    Papua New Guinea 24 2.3
    South Africa 7 0.7
    United Kingdom 52 4.9
    Other 13 1.2
    Others 37 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 823 80.9
    No Religion 169 16.6
    Buddhism 12 1.2
    Other Religious Groups 7 0.7
    Islam 6 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 12.2
    $400-$599 86 18.8
    $600-$799 62 13.5
    $800-$999 62 13.5
    $1,500-$1,999 39 8.5
    Others 153 33.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 576 62.0
    Employed, worked full-time 168 18.1
    Employed, worked part-time 132 14.2
    Unemployed, looking for work 32 3.4
    Employed, away from work 21 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 41 12.6
    Professionals 52 16.0
    Technicians & trades workers 63 19.4
    Clerical & administrative workers 44 13.5
    Labourers 46 14.2
    Others 79 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 13 8.7
    Infants/Primary 59 39.3
    Secondary 37 24.7
    Technical or Further Educational Institution 12 8.0
    University or other Tertiary Institutions 20 13.3
    Others 9 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 761 77.2
    Semi-detached, row or terrace house, townhouse 132 13.4
    Flat, unit or apartment 76 7.7
    Caravan, cabin, houseboat 17 1.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 251 51.8
    Rented 165 34.0
    Being purchased 65 13.4
    Other tenure type 4 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals