Suburb Profile Report for Mount Hutton NSW (2290)

Mount Hutton House: Median price $580,000, Annual capital growth 5.31%, Number of sales 56, Weekly median advertised rent $425

Mount Hutton Unit: Median price $451,000, Annual capital growth 4.17%, Number of sales 43, Weekly median advertised rent $400

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

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Mount Hutton, 2290 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.43%.

Mount Hutton,2290 has offered an average of 9.43% return per annum in house price rises to property investors over the last three years.

The most recent median price for Mount Hutton is $580000, with sellers offering an average of -2.90% off the asking price.

Advertised rents are around the $425 mark per week – giving a return of 3.81% based on the median price in Suburb

With a capital gain of 0.23% for the last 12 months, Mount Hutton, 2290 has performed for property investments than its average annual 4.17% property growth over the last 5 years.

Across a shorter period, Mount Hutton, 2290 has seen a median price increase of 1.35% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mount Hutton is offering property investors an average of -4.60. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in NSW

Situated 107.40km from the CBD, Mount Hutton is one of Lake Macquarie (C) localities in the postcode 2290.

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
$580,000 $451,000
3.57% 1.35%
9.43% 0.23%
5.31% 4.17%
$425 $400
56 43
3.81% 4.61%
43.6857142857143 67.2272727272727

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very 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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