Tighes Hill is a small community in New South Wales within the Newcastle local government area (postcode 2297). With a population of 1,801, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Tighes Hill is $1.5 million, having surged 16.4% over the past year. Units have a median price of $945,000 (-1.8% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,810.
Tighes Hill is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Tighes Hill offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved +16.4% year-on-year.
Tighes Hill is a small community in New South Wales within the Newcastle local government area (postcode 2297). With a population of 1,801, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Tighes Hill is $1.5 million, having surged 16.4% over the past year. Units have a median price of $945,000 (-1.8% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,810.
Tighes Hill is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Tighes Hill offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved +16.4% year-on-year.