Cooks Hill is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 3,774, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Cooks Hill is $2.5 million, having surged 53.4% over the past year. Units have a median price of $720,000 (-7.1% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,297.
Cooks Hill is served by 1 school, including 1 special. The average ICSEA score is 949, which is below the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Cooks Hill offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 25.6x is considered stretched. House prices have moved +53.4% year-on-year.
Cooks Hill is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 3,774, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Cooks Hill is $2.5 million, having surged 53.4% over the past year. Units have a median price of $720,000 (-7.1% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,297.
Cooks Hill is served by 1 school, including 1 special. The average ICSEA score is 949, which is below the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Cooks Hill offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 25.6x is considered stretched. House prices have moved +53.4% year-on-year.