Hamilton Suburb Profile
2023 Suburb Profile: Hamilton NSW 2303
Hamilton is a stunning inner city suburb known for its blend of residential and commercial properties. With a rich history, diverse community, and convenient amenities, Hamilton has become a sought-after area for both residents and businesses. The suburb is characterized by its tree-lined streets, historic architecture, and an array of dining, shopping, and recreational options along Beaumont St.
Hamilton Property Market Guide
Property Types:
The most common property type in Hamilton is a 3 bedroom freestanding house on plots of land ranging from as small as 250m2 to 500m2+. Finding a block size above 450m2 is both challenging and once found, can be highly competitive to purchase. Property within a close proximity to Beaumont St has a higher likelihood of being unit style living, with some unit blocks being built as early as the 1960’s, while most have been built since 1990. Some sections of Hamilton are also home to terrace housing although this property type is scarce in the suburb.
Median Property Value:
The median house value in Hamilton is approximately $1,050,000 which takes into account both small and large plot sales. This value can vary based on property size, location, and condition. The median unit value is approximately $670,000.
Rental Prices:
Median Weekly Rent for Houses: Approximately $620 per week
Median Weekly Rent for Units: Approximately $490 per week
Future Growth Prospects:
Hamilton's real estate market has shown steady growth in recent years, and this trend is expected to continue due to its proximity to Newcastle's city centre, employment opportunities, and lifestyle amenities. The suburb's popularity is likely to contribute to sustained demand for properties, potentially leading to moderate appreciation in property values over the coming years.
Schools
Hamilton offers a range of educational options for residents, including both public and private schools. Some of the notable schools in the area include:
Distance to CBD and Closest Beach
Hamilton is situated only 3 kilometres from Newcastle’s CBD, approx. a 10 minute drive to the city centre. This short distance makes Hamilton a convenient and accessible suburb for residents who work, study, or want to enjoy the amenities and activities in the heart of Newcastle. The closest beach to Hamilton is Nobbys beach, one of the most iconic beaches in the Newcastle area, which is approx. 5 kilometres away.
Local Cafes, Bars, and Restaurants
Hamilton offers a vibrant foodie scene being a hub for a wide variety of cafes, bars and restaurants, particularly down Beaumont Street. The suburb caters to various tastes and offers an eclectic mix of cuisines to suit its diverse community. Some popular places include:
Public Spaces
Hamilton provides various public spaces for outdoor activities and relaxation. Some of the popular public spaces in the suburb include:
Hamilton presents a diverse and appealing property profile that caters to a wide range of preferences and lifestyles. With its rich heritage, vibrant community, vibrant culinary scene and convenient location, the suburb offers a unique blend of urban convenience and historic charm. Hamilton remains a sought-after suburb that ensures a comfortable and enriching lifestyle.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the local market.