Hamilton is a suburb in Newcastle in New South Wales, Australia. It is 4 km. from Newcastle’s CBD (Central Business District). It’s a small suburb with an area of 1.5 sq. km. The population was 4,071 people in 2011 that increased to 4,217 in 2016 at a growth of 3.6% in 5 years.
The suburb is named after Edward Terick Hamilton who was on the Board of directors of A.A Company that helped in the development of this area. Hamilton became a Municipality in 1871. Initially the area was known for coal mining. It developed to accommodate the miners and their families.
There is one park here, sporting fields, schools, childcare facilities, library and a shopping centre. Hamilton has Beaumont Street that has lovely shopping and entertainment options that include retail outlets, eateries, shops, banks, florists, salon, pharmacies etc.
The suburb is popular for eating out, nightlife, public transport and easy internet access. It is home to young families, professionals and retirees. It is close to the beach, Newcastle CBD and has excellent shopping options on Beaumont Street.
It is a friendly neighbourhood with good options to buy and sell homes.
Real Estate in Hamilton
Median selling price for houses here is $736,000 in July 2020. This is at a very small increase of 0.14% in the period July 2019 – July 2020 as compared to last year. Median selling price of homes in July 2019 was $735,000. Total sales of homes was 58 in the July 19-Julye 20 time period.
The median rent for homes is $490 per week at a growth rate of 3.8%. This is for 9 homes that were on the market for rent in the last month.
Median selling price for units in July 20 was $492,500 at a decline of -22.13% compared to last year. This is for 42 units that were sold in the the July 19-July 20 time period. 11 units were listed for rent in the last one month for a median rent of $380 per week at an increase of 4.3%.
Hamilton is popular for property management as you can buy and sell homes and units currently.
Population in Hamilton
This suburb has a mix of couples, families and retirees. There are 42% couples without children, 34% couples with children and 21% single-parent families.
Seniors above the age of 60 are 22% people. Between 40 to 59 years, there are about 26% people, and between 20 to 39 years there are about 34% people. Up to 19 years, there are about 17% babies and children.
The maximum people here are in the 20-29 years age group. Couples without children are the largest group in the population here. Mortgage repayments range from $1800 – $2399 per month. Professionals love this suburb.
Income in Hamilton
Household income is up to $52,000 for about 34% households. The same is between $52,000 and $130,000 for another 36% households. The rest earn between $132,000 to $182,000.
Homes in Hamilton
28% homes are fully owned, 23% are purchasing homes and 44% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible 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 and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au