Suburb Profile Report for Hawkesbury Heights NSW (2777)

Hawkesbury Heights House: Median price $740,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

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

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

  • Expert Report
  • House Report

When looking at the potential capital gains offered to property investors over the last 3 years, Hawkesbury Heights comes in at number 45th in NSW.

Our latest figures would indicate that property sellers in Hawkesbury Heights are currently offering property investors an average price cut of -4.20% below the asking price at the moment.

At number 358 in a list of fastest selling suburbs, Hawkesbury Heights is in the TOP 10% of suburbs in Australia with an average of days on market 38.5 for properties listed there.

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Sitting on the edge of the Blue Mountains National Park, Hawkesbury Heights is a sattelitle suburb of Springwood, and has a population of 426 according to the 2006 Census. While Springwood houses the local schools and train station, Hawkesbury Heights has a more rural setting and cheaper homes.

“What drives this area is it tends to be a bit cheaper than the Springwood area. If you have a husband and wife, one works in Richmond and the other in Springwood, it’s a good middle ground,” says Bartons Real Estate principal Mark Barton.

Hawkesbury Heights saw quite a boom in the late 80s, with its median price increasing almost eight times in as many years, rising from $13,309 in June 1987 to $103,500 by June 1995, according to Residex figures.

After a flat period, prices spiked again 1998  and continued upwards until the next significant slowdown in 2004. While this is a trend that all of our top five suburbs share, Barton believes that local factors were also at play during this period.

“Everyone was on tank water, but in 1998 there was a fire and straight after that everybody was hooked up with town water. That affected the cost of land, which was running at about $20,000 to $30,000, and next thing you know it hit $60,000,” he says.

Growth hit a rough patch during the economic slump of the mid-2000s, with Hawkesbury Heights’s median rising by only $10,468 in the 11 quarters between March 2004 ($309,847) and December 2006 ($320,315).

Growth then hit a purple patch, and in the eighteen months to June 2008 the Hawkesbury Heights median jumped by $76,035 to reach $396,350. This boom was perhaps fuelled by a resurgent economy, with GDP growth rising from 0.3% at the start of 2006 to 1.6% by the year’s end according to ABS figures.

Just as things were looking up, the GFC kicked in and by March 2009 Hawkesbury Heights’s median had tumbled to $371,080. This shift however may be short lived, with recent growth bringing prices back towards pre-GFC levels. 

So what’s fuelled Hawkesbury Heights’s staying power? Barton believes that it’s all about location, with Hawkesbury Heights being far enough from Springwood to feel rurally peaceful without feeling too isolated.

“Hawkesbury Heights is only 10 to 12 minutes from Springwood, but you’re in more of a rural setting,” says Barton. “On the main road from Springwood to Hawkesbury Heights, the density of housing is maybe 400m either side of the road, and then after that it’s all valleys. I think nature is a very important part of people’s ideologies up here.”

Metrics i HOUSE UNIT
$740,000 N/A
-0.33% N/A
N/A N/A
N/A N/A
N/A N/A
10 N/A
N/A N/A
37.1 N/A

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

DSR Score for property investment : Good (H), Below average (U)
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Demographics
Total population 452
Median household income ($/weekly) 1546
Median age of persons 33
Median housing loan repayment ($/monthly) 2073
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 42 9.3
    5-14 years 86 19.0
    25-34 years 72 15.9
    35-44 years 82 18.1
    45-54 years 54 11.9
    Others 116 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 175 57.2
    Not Married 95 31.0
    Defacto Relationship 36 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 379 87.5
    Papua New Guinea 8 1.8
    United Kingdom 15 3.5
    Viet Nam 6 1.4
    Other 9 2.1
    Others 16 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 323 75.5
    No Religion 93 21.7
    Other Religious Groups 6 1.4
    Buddhism 3 0.7
    Hinduism 3 0.7
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 14 11.1
    $1,250-$1,499 19 15.1
    $1,500-$1,999 28 22.2
    $2,000-$2,499 16 12.7
    $2,500-$2,999 12 9.5
    Others 37 29.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 146 45.8
    Not in the labour force 86 27.0
    Employed, worked part-time 70 21.9
    Employed, away from work 9 2.8
    Unemployed, looking for work 8 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 24 11.0
    Professionals 52 23.9
    Technicians & trades workers 51 23.4
    Community & personal service workers 20 9.2
    Clerical & administrative workers 32 14.7
    Others 39 17.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 57 41.3
    Secondary 37 26.8
    University or other Tertiary Institutions 17 12.3
    Technical or Further Educational Institution 16 11.6
    Pre-school 11 8.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 433 99.3
    House or flat attached to a shop, office 3 0.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 85 60.3
    Fully owned 33 23.4
    Rented 23 16.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table