Hamilton Real Estate Statistics 2018 | Borrelli Quirk Newcastle Real Estate

Hamilton Real Estate Statistics 2018

Hamilton, NSW, 2303

About Hamilton

Hamilton is a cosmopolitan hub located 4 km west of the Newcastle CBD.  Famous for its multicultural atmosphere and the culinary delights of Beaumont St, Hamilton is surrounded by Islington to the north, Newcastle West to the east, Hamilton South to the south and Broadmeadow to the west.

Hamilton’s close proximity to the Newcastle CBD has made it a popular choice for professionals and young individuals. With a population of just over 4,000, the community is centred around Beaumont St, the cultural and geographic centre of the suburb. The median weekly income for Hamilton is $1,078, with average monthly mortgage repayments coming in at $1,863.

With great rail and bus services, Hamilton’s property market is performing well, reflecting the popularity of this conveniently positioned suburb. The housing market is particularly strong, with an average long-term growth of 6.79%. Units are not providing the same capital growth but are out-performing houses in the rental market, with a median rental yield of 4.14%.

Hamilton Real Estate Data

Median house price - $745,000

Median unit price - $465,000

Median weekly house rental price - $460

Median weekly unit rental price - $370

Median house rental yield - 3.21%

Median unit rental yield - 4.14%

12 month growth (houses) - 20.16%

12 month growth (units) - -8.7%

Average long-term growth (houses) - 6.69%

Averaged long-term growth (units) - 2.31%

Tips for Selling Real Estate in Hamilton

Highlight period features and heritage architecture

In addition to its rich cultural atmosphere, Hamilton is also famous for its heritage architecture. So, highlight period and heritage features in your home to appeal to more buyers. Repaint ceiling roses and ornate cornices, highlight original fireplaces, see if there’s traditional hardwood floors underneath your existing flooring and make a feature of dado boards and picture rails. Hamilton is a heritage suburb, so make the most of period features in your home.

Decorate respectfully in keeping with the age of the house

If you’re looking to sell your Hamilton home, make the most of the market by decorating in a style that respects the age of your property. Your ultra modern furniture might suit you but, it may not appeal to the buyers you wish to attract. If in doubt, safely place your existing belongings in storage and stage your home with more traditional pieces, to accentuate the heritage features of your Hamilton property.

Find and define a study/office space for professionals

Hamilton is highly sought-after by professionals looking to work from home. To meet market demand (and maximise the price for your home), it’s vital to find and define a study/office place. It’s not necessary to create a whole new room for this purpose. Clearly marking out a nook or hallway space, and staging it as a study/office for sale, should be enough to show potential buyers that your home can meet their professional needs.

Hamilton Schools

Public

Catholic

Independent

Hamilton PS

Hamilton South PS

Hamilton North PS

Newcastle HS

St Therese’s New Lambton

St Columban’s Mayfield

St Columba’s Adamstown

St Pius X (7-10)

St Francis Xavier (11-12)

Newcastle Grammar School

St Philip’s Christian College

Hunter Christian School


Hamilton Services


Medical

Clubs

Pubs

Hamilton Medical Centre

Hudson St Specialist Centre

Hamilton Day Surgery Centre

Denison Practice

Hamilton Doctors

Newcastle Health Collective

Gallipoli Legion Club

Hamilton North Bowling Club

Exchange Hotel

Kent Hotel

Northern Star Hotel

Sydney Junction Hotel

Hamilton Station Hotel

 

Landmarks

Parks

Supermarkets

Hamilton Railway Station

Gregson Park

Richardson Park

Learmonth Park

Nina’s IGA

Aldi Hamilton

Marketown Shopping Centre

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