Suburb Profile Report for Hawks Nest NSW (2324)

Hawks Nest House: Median price $485,000, Annual capital growth 0.98%, Number of sales 56, Weekly median advertised rent $340

Hawks Nest Unit: Median price $370,000, Annual capital growth -2.00%, Number of sales 57, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Hawks Nest have tracked higher than the NSW average of 6.87% over the last 12 months.

Hawks Nest,2324 has offered an average of 23.57% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -7.68% to buyers in Hawks Nest at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

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 23.33%

A 7.25% growth in median value for property investors in Hawks Nest,2324 puts this suburb at number 94th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Hawks Nest should be aiming for at least -5.59% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.

Advertised rents are around the $290 mark per week – giving a return of 4.08% based on the median price in Suburb

HOUSE UNIT
$485,000 $370,000
21.55% 5.34%
23.57% 23.33%
0.98% -2.00%
$340 $290
56 57
3.65% 4.08%
126.26 129.22

Source: CoreLogic

DSR Score for property investment : Above average (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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