Hamilton South is a suburb of Newcastle, located 4 kilometres west of Newcastle’s central business district. Much of Hamilton South belongs to the ‘Garden Suburb’ Heritage Conservation Area which features beautiful brick and weatherboard cottages and bungalows on large blocks. The area is highly sought after and very expensive.
Hamilton South is approximately 1.3 square kilometres. It has 4 parks covering nearly 6.4% of total area. The population of Hamilton South in 2011 was 4,028 people. By 2016 the population was 3,851 showing a population decline of 4.4% in the area during that time. The predominant age group in Hamilton South is 50-59 years. Households in Hamilton South are primarily couples with children and are likely to be repaying $3000 – $3999 per month on mortgage repayments. In general, people in Hamilton South work in a professional occupation. In 2011, 48.3% of the homes in Hamilton South were owner-occupied compared with 51.2% in 2016.
Currently the median sales price of houses in the area is $1,560,000.
Houses in Hamilton South rent out, on average, for $787 PW with an annual rental yield of 2.8% and units rent for $500 PW with a rental yield of 3.5%.
Based on five years of sales, Hamilton South has seen a compound growth rate of 15.6% for houses.
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