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Cooks Hill Real Estate

Cooks Hill Real Estate

  • 05 Oct 2020
  • Jon Byrne

Cooks Hill is old residential city suburb of Newcastle in New South Wales, Australia. It is located 2 km. from Newcastle CBD (Central Business District). The suburb is about 0.7 square kilometres in size. Its population was 3,621 people in 2011 which marginally went down to 3,606 in 2016 at a decline of 0.4% in 5 years.

The suburb was known after the father of Thomas Cook, Samuel Cook. Initially the area had a number of coal mines. It is famous for Darby Street which is a foodie paradise with over 25 eateries, restaurants, pubs and cafes. It also has a thriving art scene as it houses the famous Newcastle Region Art Gallery in Laman Street. There are four parks here, gyms, eateries and good medical facilities.

It is a popular housing option as it is so close to CBD, beaches and Darby Street yet is very peaceful, clean and green. This is a very old residential area of Newcastle with narrow streets and very little parking space. But the homes are very charming and the surf beach is just 5 minutes away.

It is a friendly neighbourhood with good options to buy and sell homes.

Real Estate in Cooks Hill
Median selling price for houses here is $1,182,500 in June 2020. This is at an increase of 14.22% in the period June 2019 – June 2020 as compared to last year. Median selling price of homes in June 2019 was $1,035,250. Total sales of homes was 28 in the June 19-June 20 time period. 

The median rent for homes is $550 per week in June 20 at no increase from last June. Nine homes were listed for rent in the last month on the market.

Median selling price for units here is $610,000.  Median selling price of units in June 2019 was $555,000. This is at an increase of 6.55% in the period June 2019 – June 2020 as compared to last year. Total annual sales of units was 32 in the June 19-June 20 time period. 30 units were listed for rent in the last one month for a rent of $430 per week.

Cooks Hill is popular for property management as you can buy and sell homes and units currently.

Population in Cooks Hill
This suburb has more younger couples. There are 49% childless couples, 29% couples with children and 19% single-parent families. 

Seniors above the age of 60 are 18% people. Between 40 to 59 years, there are about 34% people, and between 20 to 39 years there are about 40% people. Up to 19 years, there are about 16% babies and  children. 

The maximum people here are in the 20-29 years age group. Childless couples are the primary age group here. Mortgage repayments range from $1800 - $2399 per month. Professionals love this suburb.

Income in Cooks Hill
Household income is up to $52,000 for about 31% households. The same is between $52,000 and $130,000 for another 34% households. The rest earn between $132,000 to $182,000. 

Homes in Cooks Hill 
20% homes are fully owned, 21.5% are purchasing homes and 54.5% are living in rented accommodation. 

Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments. 

For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au

 

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