Hamilton South Property Management
Hamilton South is an inner suburb of Newcastle city in New South Wales, Australia which is situated 4 km. west of CBD (Central Business District).
This suburb has a population of 3876 people according to 2016 census. Hamilton South is a high end residential suburb. It still has some late federation style housing with very impressive tree-lined homes. It has Hamilton South Public School established in 1933. There are a number of parks in the area including Learmonth Park, Darling Oval and Henry Park. The charm of this suburb lies in the fact that it is just a 5-minute drive to beaches, CBD or shopping centres.
Real Estate in Hamilton South
Currently, median selling price of homes here is $1,050,000. There is a decline of -4.1% compared to last year but otherwise prices have been rising. Median selling price of homes in 2017-18 was $1,095,000. This is based on 32 houses sold in Apr 17-March 18. The homes here have seen good capital growth in the past few years.
Average median selling price of units here is $562,750. It is up from $560,000 last year. This is at a growth of 0.5% since last year. Number of units sold last year was 11. The average weekly median rent for units is $358 at an increase of 3.3% based on 15 rentals last year.
Sale of homes here peaks in February, May, July and November. Average home rental per week is $495 at a growth rate of 2.5% annually. Last year, home rentals were 64. Purchased and fully-owned properties comprise 58% of all real estate here. 40% of all properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics). Hamilton South is good for property management with its proximity to CBD and beautiful homes.
Population in Hamilton South
Hamilton South is a residential suburb with a good mix of young and old. There are 79% couples. 36% of them have no children, and 19% are one-parent homes. There are about 1000 seniors over 60 years of age. About 1100 people are between 40 to 59 years, and more than 850 people are between 20 to 39 years old. 200 children are below 5 years while there are 700 children and teens. As far as earnings go, 550 people earn $1500+ weekly. The same is between $500 to $1449 per week for 365 people. The remaining earn below $499 per week. 44% of the suburb’s residents are employed in either full-time or part-time work. 66% of the workers drive their car to work. 41% of the residents are not in the labour force yet.
Dwellings comprise of 29% flats, 13% semis/terraces and 58% separate houses here. 31% homes are fully owned. 20% people are purchasing homes and 45% are renting accommodations. If you are looking for good property managers for good real-estate investment, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments and have a credible reputation here.
For further information about real estate deals in this area, do contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au