Hamilton is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2303). It is home to about 4,614 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Hamilton is $1.1 million, having risen by 2.4% over the past year. Units have a median price of $670,000 (-11.3% YoY). The current median weekly rent is $805. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,000.
Hamilton is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
On the investment side, Hamilton shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +2.4% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.