Hamilton East is a small community in New South Wales within the Newcastle local government area (postcode 2303). With a population of 997, the suburb has an established demographic with a median age of 43. Households earn a median income of $119K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Hamilton East is $2.0 million, having dipped slightly 0.5% over the past year. Units have a median price of $675,000 (+3.8% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,320.
Public transport access includes 7 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Hamilton East offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.1x is considered stretched. House prices have moved -0.5% year-on-year.
Hamilton East is a small community in New South Wales within the Newcastle local government area (postcode 2303). With a population of 997, the suburb has an established demographic with a median age of 43. Households earn a median income of $119K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Hamilton East is $2.0 million, having dipped slightly 0.5% over the past year. Units have a median price of $675,000 (+3.8% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,320.
Public transport access includes 7 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Hamilton East offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.1x is considered stretched. House prices have moved -0.5% year-on-year.