Suburb Profile Report for Mount Hutton NSW (2290)

Mount Hutton House: Median price $520,000, Annual capital growth 4.67%, Number of sales 76, Weekly median advertised rent $420

Mount Hutton Unit: Median price $415,500, Annual capital growth 2.94%, Number of sales 26, Weekly median advertised rent $398

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

At number 1114th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Hutton, 2290 is in the top 30% with a property value increase of 7.82% recorded in median house prices.

A 32.48% growth in median value for property investors in Mount Hutton,2290 puts this suburb at number 546th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Mount Hutton is offering property investors an average of -7.36. This rate of discount on properties puts Suburb at number 786th in terms of most discounted suburbs in NSW

Advertised rents are around the $420 mark per week – giving a return of 4.20% based on the median price in Suburb

Mount Hutton is an average performer in NSW when comparing median price capital growth over the last year. Mount Hutton gave property investors a average capital gain figure when compared to the rest of the state, with 0.12%.

While Mount Hutton,2290 ranked number 151th in NSW for increase in median house value (annualised) increase, it is ranked 489th over the last 5 years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.06% offered to property buyers. Sellers in Mount Hutton itself are offering an average vendor discount of -0.74% to real estate investors.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

Information supplied by:


January 2019

M
O

W
E
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 entertainmentFull summary

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.

Close
Metrics i HOUSE UNIT
$520,000 $415,500
0.00% 1.22%
7.82% 0.12%
4.67% 2.94%
$420 $398
76 26
4.20% 4.97%
36.95 15.33

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Mount Hutton NSW
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
Chart Table
Recent sales & rentals