Suburb Profile Report for Tighes Hill NSW (2297)

Tighes Hill House: Median price $717,500, Annual capital growth 10.06%, Number of sales 34, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Expert Report

NSW has seen average median house prices change by 6.35% which means that Tighes Hill, 2297 has done well for property investors by showing a capital gain of 18.60% over the last year

Over the longer term, Tighes Hill has seen property prices show investors a 49.48% return over the last 3 years. This is worse than over the last 12 months

Tighes Hill, 2297 is offering NSW ‘s 1086th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.

Often selling an investment property can take time, and in Tighes Hill the average time real estate has been on the market is 33.95 days.

Property investors should expect to get $435 weekly from the median priced house in this suburb.

Information supplied by:


July 2018

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Named for one of its early residents, the suburb of Tighes Hill has been flourishing since 2013, when price growth peaked at 106.3%Full summary

Remarkable growth for houses

Postcode: 2297

Median house price: $732,475

Three-year growth: 32.5%

Rental yield: 3.2%

Named for one of its early residents, the suburb of Tighes Hill has been flourishing since 2013, when price growth peaked at 106.3%.

The house market has an average annual growth rate of 10.5%, with the April 2017-2018 period alone yielding a 26.9% rise in prices. The median house value has passed $730,000; yet, such properties are selling quickly and generally spend less than two months on the market.

Tighes Hill’s proximity to the Newcastle CBD makes it a top option for young professionals who want to live near the city, as the CBD can be reached in about 15 minutes via King Street. The 11 bus service departing from Maitland Road also brings commuters to Newcastle. Tighes Hill is home to a Hunter Institute of TAFE campus, and to the Tighes Hill School of Arts.

Close
Metrics i HOUSE UNIT
$717,500 N/A
-2.04% N/A
18.60% N/A
10.06% N/A
$435 N/A
34 N/A
3.15% N/A
33.95 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1615
Median household income ($/weekly) 996
Median age of persons 36
Median housing loan repayment ($/monthly) 1700
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 178 11.0
    25-34 years 267 16.5
    35-44 years 242 15.0
    45-54 years 245 15.2
    55-64 years 172 10.7
    Others 511 31.6
    Age Group
    Census Count Percent(%)
    Not Married 582 50.0
    Registered Married 381 32.7
    Defacto Relationship 201 17.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1290 85.8
    Papua New Guinea 23 1.5
    Philippines 12 0.8
    United Kingdom 52 3.5
    Other 31 2.1
    Others 95 6.3
    Country of Birth
    Census Count Percent(%)
    Christianity 883 61.6
    No Religion 511 35.7
    Buddhism 19 1.3
    Other Religious Groups 15 1.0
    Islam 5 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 62 10.3
    $400-$599 76 12.7
    $600-$799 73 12.2
    $800-$999 64 10.7
    $1,500-$1,999 70 11.7
    Others 255 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 429 35.3
    Not in the labour force 426 35.0
    Employed, worked part-time 270 22.2
    Unemployed, looking for work 52 4.3
    Employed, away from work 40 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 202 27.4
    Technicians & trades workers 109 14.8
    Community & personal service workers 84 11.4
    Clerical & administrative workers 87 11.8
    Labourers 77 10.4
    Others 179 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 40 9.8
    Infants/Primary 112 27.3
    Secondary 60 14.6
    Technical or Further Educational Institution 60 14.6
    University or other Tertiary Institutions 122 29.8
    Others 16 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1338 90.4
    Semi-detached, row or terrace house, townhouse 113 7.6
    Flat, unit or apartment 26 1.8
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 225 35.2
    Being purchased 221 34.6
    Fully owned 193 30.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals