The Hill is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 2,076, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $96K 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 The Hill is $2.1 million, having dropped significantly 10.2% over the past year. Units have a median price of $1.1 million (+42.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,167.
The Hill is served by 1 school, including 1 combined. The average ICSEA score is 1181, which is well above the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, The Hill offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.6x is considered stretched. House prices have moved -10.2% year-on-year.
The Hill is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2300). With a population of 2,076, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $96K 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 The Hill is $2.1 million, having dropped significantly 10.2% over the past year. Units have a median price of $1.1 million (+42.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,167.
The Hill is served by 1 school, including 1 combined. The average ICSEA score is 1181, which is well above the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, The Hill offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.6x is considered stretched. House prices have moved -10.2% year-on-year.