Tighe’s Hill is an inner-city north-western suburb of Newcastle, under 5kms from the CBD. It is popular with young professionals and young families due to its proximity to the city, bike tracks and nearby amenities, including Newcastle TAFE.
Tighes Hill is approximately 1.7 square kilometres. It has 3 parks covering nearly 2.8% of total area. The population of Tighes Hill in 2016 was 1,677 people. The predominant age group in Tighes Hill is 30-39 years. Households in Tighes Hill are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Tighes Hill work in a professional occupation. In 2016, 62.1% of the homes in Tighes Hill were owner-occupied.
Currently the median sales price of houses in the area is $1,020,000.
Houses in Tighes Hill rent out for an average of $550 PW with an annual rental yield of 2.9%.
Based on five years of sales, Tighes Hill has seen a compound growth rate of 4.6% for houses.
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