Hexham Property Management
Hexham is an inner suburb of Newcastle city in New South Wales, Australia which is situated 15 km north west of Newcastle CBD (Central Business District). It is located on the banks of the Hunter River.
This tiny suburb has a population of 120 people according to 2016 census. Hexham was established in the 1820s. Almost all settlement exists within a narrow corridor between the Hunter River and the Main North Railway Line which is an are of 1.1 sq. km. only.
In terms of amenities, Hexham has Hexham Park that has cricket pitch, rugby union field and other amenities. Hexham has its own railway station and offers a good connectivity via train to the CBD.
Childcare and shopping options are accessible in Beresfield. Overall, it’s a tiny neighbourhood right on the banks of Hunter river with high density of population because the inhabited area is very small.
Real Estate in Hexham
Currently, median selling price of homes in Hexham is $230,000. There is a decline of -20.7% compared to last year. Median selling price of homes in 2017-18 was $290,000. In the last financial year, only 4 houses were sold. Houses are priced low right now hence offering a good purchase opportunity as investment.
The sale of homes here peaks in September, October and December. Average home rental per week is $325 at a growth rate of 7.3% annually. Last year home rentals were 3. 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). Hexham is good for property management with its proximity to CBD.
Population in Hexham
Hexham is a really tiny residential suburb with mostly middle-aged and older population. There are 66% couples. 33% of them have no children, and 33% are one-parent homes. There are 49 seniors over 60 years of age. 39 people are between 40 to 59 years, and 24 people are between 20 to 39 years old. 5 children are below 5 years while there are 17 children and teens. In terms of income, 15 people earn $1500+ weekly. The same is between $500 to $1449 per week for 40 people. The remaining earn below $499 per week. 39% of the suburb’s residents are employed in either full-time or part-time work. 76% of the workers drive their car to work while 8% take their truck to work. 47% of the residents are not in the labour force yet.
Dwellings comprise of 100% separate houses here. There are no flats or semis in this suburb. Those interested in purchasing homes will find a few good options here. 34% homes are fully owned. 27% people are purchasing homes and 34% are renting accommodations. If you are looking for good property managers for good real-estate investment, No Bull Real Estate is the right choice for you. 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