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Hamilton North Property Management

Hamilton North Property Management

  • 02 Jul 2019
  • Jon Byrne

Hamilton North is an inner suburb of Newcastle city in New South Wales, Australia which is situated 4 km. from CBD (Central Business District).
This small suburb has a population of 869 people according to 2016 census. Hamilton North is a primarily residential suburb. It has good educational facilities including public schools. There is a bowling club in the area.

The life here is peaceful and being close to CBD, the homes are in good demand. This suburb offers good access to employment, shopping, transport and parks. Business investment in Newcastle attracts many people to move here.

Real Estate in Hamilton North
Currently, median selling price of homes here is $590,000. There is a decline of -11.9% compared to last year. Median selling price of homes in 2017-18 was $670,000. In Apr 2018 - Mar 2019, 14 houses were sold. This is a good time to buy a house as the prices are lower just now.

Average median selling price of units here is $713,000. It is down from $730,000 last year. This is at a decline of -2.3% since last year. Number of units sold last year was 5. The average weekly median rent is $370 at an increase of 2.7% based on 5 rentals last year.

The sale of homes here peaks in March, April, May and November. Average home rental per week is $420 at a growth rate of 3.7% annually. Last year home rentals were 28. Average weekly rental payments range from $100  to $549.
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 North is good for property management with its proximity to CBD.

Population in Hamilton North
Hamilton North is a residential suburb with most youth and middle-aged people. There are 73% couples. 36% of them have no children, and 25% are one-parent homes. There are 150 seniors over 60 years of age. 260 people are between 40 to 59 years, and more than 270 people are between 20 to 39 years old. 60 children are below 5 years while there are 150 children and teens. As far as earnings go, 170 people earn $1500+ weekly. The same is between $500 to $1449 per week for 115 people. The remaining earn below $499 per week. 63% of the suburb’s residents are employed in either full-time or part-time work. 67% of the workers drive their car to work while 5% walk to work. 26% of the residents are not in the labour force yet.

Dwellings comprise of 2% flats, 7% semis/terraces and 91% separate houses here. Those interested in purchasing houses will find many good options here. 27% homes are fully owned. 41% people are purchasing homes and 31% are renting accommodations. If you are looking for good property managers for good real-estate investment, No Bull Real Estate can help you out. 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, 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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