Tighes Hill Property Management
Tighes Hill is a northwestern suburb of Newcastle in New South Wales. It is a residential suburb. Tighes Hill has a population of 1,680 people according to the 2016 Population census. This suburb developed after construction of a bridge over Throsby Creek in 1877. Within three years the suburb had a school, post office, church and stores. Its tram line opened in April 1894 leading to further development. Today Tighes Hill is a thriving suburb with young professionals making it their home. It is a trendy inner suburb which provides housing close to CBD. In August 2010, a property in Tighes Hill was sold at a record breaking price of $950,000 for this inner city suburb. The Newcastle Campus of Hunter Institute of TAFE is situated here. This suburb is perfect for inner city suburb life.
Real Estate in Tighes Hill
Median selling price for houses in Tighes Hill is $702,500. This is at a decline of -1.7% in 2019 compared to the previous year. Median selling price of homes in the previous year was $715,000. Total number of homes sold was 32 in 2019. Home sales peak in February, May, July and October every year. An average home in Tighes Hill is rented out at $425 per week. Suburb rental yield is growing at a reasonable 3.1%. Number of current rentals is 50. An average unit costs $540,000 and has seen a decline of -15.6%. Last year, median price of a unit was $640,000. Total sales recorded last year was 6 units. Current median rent of a unit per week is $235 at a growth of 2.3%. Total units on rent were 21 last year. Property management is seeing a decent growth in Tighes Hill as the prices are low currently.
Population in Tighes Hill
This suburb has a good mix of old and young population. There are 37% couples, out of which 37% do not have children and 23% are single parent families. Seniors above the age of 60 are over 270 people. Between 40 to 59 years, there are 500 people, and between 20 to 39 years there are more than 500 people. Below 5 years, there are 125 babies and toddlers while between 5 to 19 years, there are 275 children. Weekly household income is $1500+ for about 280 people. The same is between $500 to $1499 per week for another 230 people. About 100 people earn below $500 per week. 33% of the suburb’s residents are employed in full-time work, 21% in part-time work, 4% are unemployed and 33% are not in labour force accounting for children and babies. 62% of them drive their car to work and 3% walk to work. There are 8% flats, 6% Semis/Terraces and 85% separate houses as types of dwellings. 28% homes are fully owned, 35% are purchasing homes and 35% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a good 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 & 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