Mount Hutton Property Management
Mount Hutton is a suburb of City of Lake Macquarie in New South Wales, Australia. It is located 14 km. from Newcastle’s CBD (central business district). It is an established residential neighbourhood. This suburb experienced good growth in the mid 2010s as home construction picked up due to its proximity to Charlestown metropolitan hub. It is home to the Lake Macquarie Fair shopping centre which is a large shopping centre. There are many stores, entertainment and shopping options here that add to the popularity of this suburb. From small starter homes to sprawling homes, this suburb has all popular property options. Most properties are 20-30 year old and new builds are constantly coming up. It has a population of around 3,529 as per 2016 census with a weekly household income of $727. This suburb is liked for its wonderful public transport and family-friendly neighbourhood.
Real Estate in Mount Hutton
Median selling price for houses in Mount Hutton is $517,250. This is at a decline of -0.5% compared to last year. Median selling price of homes in 2017-18 was $520,000. A total of 48 houses were sold in the period of Apr 2018 - Mar 2019. The sale of homes here spikes in the months of February, April, June and September. Average rental for homes is $400 per week. Rentals are growing at 4% annually. Number of current home rentals is 35. Average median selling price for units is $429,750. This is at a loss of -3.1% as compared to last year when it was $443,500. The total number of units sold are 67. Median weekly rentals for units is $360 at a healthy growth rate of 4.4% for 21 unit rentals. Mount Hutton has excellent real estate investment opportunities for both buying and renting and is a good choice for property management.
Population in Mount Hutton
Mount Hutton has more families with children and seniors. Families include 38% couples, 43% couples with no children, and 18% single-parent homes. Age wise, seniors over 60 are about 1100+ people. Between 40 to 59 years, there are 900 people, and between 20 to 39 years there are around 800 people. Between 0-4 years, there are about 200 babies and infants. Between 5-19 year olds, there are 600 children and teens. Average household size is 2.5 children. Weekly household income is between $500 and $1499 per week for about 550 people. The same is about $1500 per week for about 500 people. About 250 people earn between $100 to $499 per week. 33% of the suburb’s residents are employed in full-time work while 17% are part-time workers. 73% of them drive their car to work, 2% walk to work and 3% worked from home. 38% of them are not in labour force accounting for the students and babies and 3% people are unemployed. As far as homes are concerned, 37% homes are fully owned. 34% people are purchasing homes and 24% are rented accommodations. When we look at dwelling structures, 73% are separate houses, 21% are semis/terraces and 5% flats. All stats are as per 2016. If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and 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 & Lake Macquarie. 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