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Cooks Hill Property Management

Cooks Hill Property Management

  • 22 May 2019
  • Jon Byrne

Cooks Hill is a charming inner suburb of Newcastle city in New South Wales, Australia.
This small suburb has about 3,621 people according to 2016 census. This suburb has beautiful Victorian roofed houses and timber cottages in tree lined avenues. This suburb grew from coal mines. It is a lovely entertainment and residential suburb with excellent real-estate options.

Cooks Hill has good sporting facilities as it has National Park netball courts and Sporting Ovals. There is a fitness centre and also parks that provide recreational areas with play equipment.

Cooks Hill is home to Newcastle High School and Newcastle Grammar School. It is accessible to City Library, the largest library in Newcastle. It has access to bus service on main roads. Darby Road is a major commercial street with many businesses including eateries, cafes and pubs. The suburb is also home to Newcastle Art Gallery that attracts many culture aficionados.

Real Estate in Cooks Hill
Median selling price of homes here is $1,097,501. This is at a decent growth rate of 6.5% compared to previous year. Median selling price of homes in 2017-18 was $1,031,000. Total of 28 houses were sold in the period Apr 2018 - Mar 2019. Home sales peak in Feb, March, May, June and November. Average weekly home rental in this suburb is $525 and is growing at 2.5% annually. Last year home rentals were 48.
An average unit in Cooks Hill costs $585,000 at a marginal growth of 0.3%. Unit median price last year was $583,500. 101 units were sold in the last year. Current median weekly unit rent is $400 at a growth rate of 3.6%. Total rentals in the previous year were 179. Purchased and fully-owned properties comprise 42% of all real estate here. 55% of all properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Cooks Hill is perfect for property management with some beautiful homes and units that find both good buyers and renters.

Population in Cooks Hill
Cooks Hill has a good mix of younger population and seniors. There are 79% couples. 49% of whom have no children, and 19% are one-parent homes. There are 700 seniors above 60+. 900 people are between 40 to 59 years, and more than 1500 people are between 20 to 39 years. 100 little children are below 5 years while there are 500 children and teens. 700 people earn $1500+ weekly. The same is between $500 to $1449 per week for 350 people. The remaining earn below $499 per week. Full-time and part-time workers constitute 63% of the suburb’s residents. 25% of the residents are not workers. 58% of the workers drive their car to work and 14% walk to work.

The dwellings are divided into 33% flats, 50% semis/terraces and 17% separate houses here. 22% homes are fully owned. 28% people are purchasing homes and 44% are renting accommodation. No Bull Real Estate are reputed Property Managers in Newcastle who can help you make the right real-estate choices. They specialise in Property Management and real estate investments.

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

 

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