Located in New South Wales within the Newcastle local government area, Hamilton North is a close-knit residential community (postcode 2292). The area has roughly 934 residents and a mix of families and early-career residents, with a median age of 36. Households earn a median income of $101K per year, with an average household size of 2.3 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, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Hamilton North stand at $1.1 million, having jumped by 13.8% over the last twelve months. Units have a median price of $880,000 (+29.9% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,100.
Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +13.8% 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.