Tighes Hill

POSTAL CODE: NSW, 2297

HOUSE

UNIT

TIGHES HILL, 2297 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling TIGHES HILL, 2297 values up and netting property investors a capital gain of 7.54% for the past year.

Investors saw the median home price rise to $1,290,500.

Profits due to an upward trend in home prices in the suburb averaged 7.75% per annum over a 3-year period.

TIGHES HILL now ranks at the 860th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TIGHES HILL are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $750 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TIGHES HILL, homes and units usually stay on listing for an average of N/A.

In 2016, 22 properties were sold in TIGHES HILL during the past year, making it the 854th most active market in NSW based on total real estate transactions.

TIGHES HILL ranks 510th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

TIGHES HILL, 2297 has a capital gain of -14.15% for the past year, which is lower than average compared to its 0% growth within a five-year period.

With the median home price in TIGHES HILL sitting at $811,250, and the average rent at $700, property owners could potentially earn a 4.49% increase in gross rental yield.

Property investors have seen a -14.15% drop in TIGHES HILL based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that TIGHES HILL, 2297 obtained a -14.15% decrease over a ten-year period. It ranks 1960th on our list of suburbs that property investors should look into.

Surburb overview

Tighes Hill is an inner-city suburb in the City of Newcastle, NSW, with postcode 2297, situated between Islington, Mayfield, Maryville and Carrington. The suburb is about four kilometres north-west of Newcastle’s central business district, with Maitland Road and Industrial Drive providing connections to central Newcastle and surrounding areas.

The 2021 Census recorded about 1,700 residents in Tighes Hill, with housing comprising detached houses, terraced houses, townhouses, units, and apartments. Residential streets occupy much of the suburb, while commercial and former industrial land reflects its location near Newcastle Harbour and established transport corridors.

Tighes Hill does not have a railway station; nearby Hamilton Station and Newcastle Interchange provide access to passenger rail services. Bus services operate along Maitland Road and surrounding streets, providing connections towards Newcastle’s central business district, Mayfield, Hamilton and other metropolitan suburbs.

Tighes Hill Public School provides primary education in the suburb, while secondary schools and additional educational facilities are available in Mayfield, Hamilton, and surrounding areas. TAFE NSW Newcastle campus is located at Tighes Hill and provides vocational education and training across a range of study areas.

Local cafes and businesses provide some everyday services, while nearby Mayfield, Hamilton and Newcastle West contain supermarkets, pharmacies and larger commercial precincts. Medical centres, pharmacies, dental practices and allied healthcare providers operate in surrounding suburbs, with major hospital and specialist services available elsewhere in Newcastle.

Throsby Creek runs near the southern side of Tighes Hill and forms part of an important recreational corridor through Newcastle’s inner suburbs. Shared paths beside the creek provide opportunities for walking and cycling and connect Tighes Hill with Islington, Maryville and Carrington. Nearby Islington Park contains open space, playground facilities and areas for informal recreation beside Throsby Creek.

Newcastle Harbour and the Honeysuckle waterfront are accessible by bicycle, road or public transport and provide additional foreshore walking areas. Sporting grounds and parks in neighbouring suburbs provide opportunities for organised recreation, while Newcastle’s beaches and Bathers Way coastal walk are accessible from Tighes Hill by road or public transport.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,290,500	$811,250
Growth Report
Median Quarterly	-0.39%	-14.15%
Median 12 month	7.54%	-14.15%
Median 3 years	23.26%	0%
Median 5 years	43.39%	0%
10 years average annual	9.59%	-14.15%
Weekly media advert. rent	$750	$700
Time on Market	N/A	N/A
Gross Rental Yield Percent	3.02%	4.49%

Demographics (Median Values)*

Total Population 1680

Weekly Household Income 1372

Household Size 2.30

Average Age 37

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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