Suburb Profile Report for Mount Hutton NSW (2290)

Mount Hutton House: Median price $530,000, Annual capital growth 5.33%, Number of sales 61, Weekly median advertised rent $450

Mount Hutton Unit: Median price $420,000, Annual capital growth 4.62%, Number of sales 26, Weekly median advertised rent $410

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

At number 1292th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Hutton, 2290 is in the top 40% with a property value increase of 4.95% recorded in median house prices.

A 36.77% growth in median value for property investors in Mount Hutton,2290 puts this suburb at number 294th in terms of best performing suburbs in NSW

Property buyers and investors in Mount Hutton 2290 should be seeing an average reduction in asking price of around -7.14% . This means that Mount Hutton is holding prices well when compared to other suburbs in NSW.

Mount Hutton is 290th on a list of best yielding suburbs for rents in NSW with a 4.42% return

Investment property in Mount Hutton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.16%

Taking the average capital gain, or increase in median house value, Mount Hutton,2290 has racked up an average of 1.16% over the period. This ranks it number 756th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.52% offered to property buyers. Sellers in Mount Hutton itself are offering an average vendor discount of -3.70% to real estate investors.

The NSW suburb of Mount Hutton, 2290 is in the Lake Macquarie (C) local government area.

Information supplied by:


January 2019

M
O

W
E

Steady stream of tenants

Postcode: 2290

Median house price: $520,000

Three-year growth: 22.4%

Rental yield: 4.2%

A suburb of the City of Lake Macquarie, situated around 14km from the centre of Newcastle, Mount Hutton is an established residential neighbourhood. It is home to Lake Macquarie Fair, a shopping centre anchored by Woolworths and Coles, alongside over 50 other specialty stores. The shopping centre is almost at the end of a redevelopment that has added additional car parking spaces, stores and entertainment.

Landlords will always find a steady stream of tenants keen to live in freestanding homes in Mount Hutton, with a range of options to suit different budgets and lifestyles. From petite starter homes through to sprawling manors on over-sized blocks, there is plenty of variety in Mount Hutton’s housing stock. Though most properties are 20-30 years old, there are some new builds popping up as the suburb experiences gentrification.

Metrics i HOUSE UNIT
$530,000 $420,000
2.02% 0.85%
4.95% 1.16%
5.33% 4.62%
$450 $410
61 26
4.42% 5.14%
53.09375 35.55

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3181
Median household income ($/weekly) 1013
Median age of persons 41
Median housing loan repayment ($/monthly) 1840
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 337 10.6
    25-34 years 376 11.8
    35-44 years 370 11.6
    45-54 years 432 13.6
    65-74 years 311 9.8
    Others 1355 42.6
    Age Group
    Census Count Percent(%)
    Registered Married 1089 46.3
    Not Married 1021 43.4
    Defacto Relationship 241 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2690 90.4
    Croatia 12 0.4
    Papua New Guinea 31 1.0
    United Kingdom 119 4.0
    Other 41 1.4
    Others 82 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.8
    Christianity 2287 76.4
    Hinduism 6 0.2
    Other Religious Groups 7 0.2
    No Religion 665 22.2
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 135 12.0
    $400-$599 147 13.1
    $600-$799 112 10.0
    $1,500-$1,999 138 12.3
    $2,000-$2,499 120 10.7
    Others 471 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 999 40.4
    Employed, worked full-time 875 35.4
    Employed, worked part-time 450 18.2
    Unemployed, looking for work 81 3.3
    Employed, away from work 67 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 210 15.1
    Technicians & trades workers 218 15.7
    Community & personal service workers 143 10.3
    Clerical & administrative workers 246 17.7
    Sales 186 13.4
    Others 386 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 44 6.7
    Infants/Primary 216 33.1
    Secondary 189 28.9
    Technical or Further Educational Institution 86 13.2
    University or other Tertiary Institutions 97 14.9
    Others 21 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2278 78.2
    Semi-detached, row or terrace house, townhouse 479 16.4
    Flat, unit or apartment 153 5.3
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 443 37.4
    Being purchased 424 35.8
    Rented 294 24.8
    Other tenure type 25 2.1
    Tenure Type
Census 2011, ABS
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