Hamilton is a suburb of Newcastle, located 4 kilometres from Newcastle’s central business district. Hamilton is one of Newcastle’s most culturally diverse suburbs, renowned for its cafes and bars. It’s popular due to beautiful Gregson Park, train station, school and central location.
Hamilton is approximately 1.5 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Hamilton in 2011 was 4,071 people. By 2016 the population was 4,217 showing a population growth of 3.6% in the area during that time. The predominant age group in Hamilton is 20- 29 years. Households in Hamilton are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Hamilton work in a professional occupation. In 2011, 54.2% of the homes in Hamilton were owner-occupied compared with 51.5% in 2016.
Currently the median sales price of houses in the area is $1,025,000.
Houses in Hamilton rent out, on average, for $600 PW with an annual rental yield of 3.2% and units rent for $480 PW with a rental yield of 3.9%.
Based on five years of sales, Hamilton has seen a compound growth rate of 16.7% for houses and 25.0% for units.
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