The Hill Property Management
The Hill is an inner city suburb of Newcastle city in New South Wales, Australia which is situated 1 km. south of Newcastle CBD (Central Business District). It is located in the Hunter River Region.
This suburb has a population of 1943 people according to 2016 census. The Hill is famous for its historic Victorian terraces and is coveted for its cosmopolitan lifestyle and gorgeous views of the coast as well as the city. The historic convict prison block is situated here. It was one of the earliest settled areas of Newcastle.
In terms of amenities, The Hill is in close proximity to CBD and within walking distance of wonderful eateries, schools, the harbour and the beaches. The iconic King Edward Park is located here that is a wonderful picnic spot. The Obelisk here showcases a 360 degree view of the city and Newcastle's beaches.
Real Estate in The Hill
Currently, median selling price of homes in The Hill is $1,185,000. There is a decline of -8.8% compared to last year. Median selling price of homes in 2017-18 was $1,300,000. In the last financial year, only 7 houses were sold. The houses are luxurious and this suburb offers great options for both purchasers and investors.
The sale of homes here peaks in March, July and September. Average home rental per week is $450 at a growth rate of 2% annually. Last year home rentals were 29.
As far as units go, current median selling price is $510,000. This is at 5.2% growth rate compared to last financial year. Total 80 units were sold this year. Last year, median selling price of units was $485,000. Average weekly rent for units is $340 at a growth rate of 3.5%. Last year, 217 properties were rented out.
The Hill is lucrative for property management with its proximity to CBD and beautiful homes.
Population in The Hill
The Hill is a small residential suburb with mostly younger population. There are 88% couples. 58% of them have no children, and 11% are one-parent homes. There are 325 seniors over 60 years of age. 425 people are between 40 to 59 years, and 900+ people are between 20 to 39 years old. 75 children are below 5 years while there are 200 children and teens. In terms of income, 400+ people earn $1500+ weekly. The same is between $500 to $1449 per week for about 300 people. The remaining earn below $499 per week. 42% of the suburb’s residents are employed in full-time work and 21% do part-time work. 61% of the workers drive their car to work while 12% walk to work. 23% of the residents are not in the workforce as yet.
Dwellings comprise of 61% flats, 24% semis/terraces and 14% separate houses here. Those interested in purchasing homes will find great options here. 25% homes are fully owned. 19% people are purchasing homes and 53% are renting accommodations.
If you are looking for good property managers for good real-estate investment, No Bull Real Estate is the apt choice for you. They specialise in Property Management and real estate investments and are well regarded in this area.
For further information about real estate deals in this area, 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