Hamilton is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2303). With a population of 4,614, the suburb has an established demographic with a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Hamilton is $1.3 million, having surged 14.1% over the past year. Units have a median price of $780,000 (+10.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.9%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Hamilton offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 14.3x is considered stretched. House prices have moved +14.1% year-on-year.
Hamilton is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2303). With a population of 4,614, the suburb has an established demographic with a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Hamilton is $1.3 million, having surged 14.1% over the past year. Units have a median price of $780,000 (+10.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.9%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Hamilton offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 14.3x is considered stretched. House prices have moved +14.1% year-on-year.