Black Hill is a small community in New South Wales within the Newcastle local government area (postcode 2322). With a population of 516, the suburb has a mature demographic with a median age of 47. Households earn a median income of $155K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Black Hill is $2.3 million, having dropped significantly 23% over the past year. Units have a median price of $770,000. The current median weekly rent is $670. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,665.
Black Hill is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Black Hill offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.2x is considered stretched. House prices have moved -23.0% year-on-year.
Black Hill is a small community in New South Wales within the Newcastle local government area (postcode 2322). With a population of 516, the suburb has a mature demographic with a median age of 47. Households earn a median income of $155K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Black Hill is $2.3 million, having dropped significantly 23% over the past year. Units have a median price of $770,000. The current median weekly rent is $670. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,665.
Black Hill is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Black Hill offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.2x is considered stretched. House prices have moved -23.0% year-on-year.