Suburb Profile Report for Hawks Nest NSW (2324)

Hawks Nest House: Median price $399,000, Annual capital growth -0.81%, Number of sales 61, Weekly median advertised rent $350

Hawks Nest Unit: Median price $350,000, Annual capital growth -3.08%, Number of sales 48, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hawks Nest 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 -2.68%

While Hawks Nest,2324 ranked number 661th in NSW for increase in median house value (annualised) increase, it is ranked 1197th over the last 5 years.

Vendor discounting in Hawks Nest is giving property investors an average Vendor Discount of around -7.30%. This puts suburb at number 217th in NSW when ranking the most discounted suburbs.

The NSW suburb of Hawks Nest, 2324 is in the Great Lakes local government area.

At number 614th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawks Nest, 2324 is in the top 40% with a property value increase of 6.06% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Hawks Nest,2324 has racked up an average of 6.06% over the period. This ranks it number 467th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Hawks Nest are currently offering property investors an average price cut of -7.25% below the asking price at the moment.

On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.

Situated 146.97km from the CBD, Hawks Nest is one of Great Lakes localities in the postcode 2324.

HOUSE UNIT
$399,000 $350,000
1.01% 4.48%
-2.68% 6.06%
-0.81% -3.08%
$350 $260
61 48
4.56% 3.86%
136.7 184.04

Source: CoreLogic

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