Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors enjoyed capital gains of 17.86% over the last 12 months in HAMILTON SOUTH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.19% growth over a ten-year period. It ranks 155th on our list of suburbs that property investors should look into.
HAMILTON SOUTH, 2303 has a capital gain of 17.86% for the past year, which is higher than average compared to its 53.25% growth within a five-year period.
With the median home price in HAMILTON SOUTH sitting at $1,237,500, and the average rent at $550, property owners could potentially earn a 2.31% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in HAMILTON SOUTH are high, as opposed to average gains per annum over the past five years.
HAMILTON SOUTH, 2303 in NSW belongs to the local government area of Newcastle (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,237,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 17.3% | N/A |
| Median 12 month | 17.86% | N/A |
| Median 3 years | 24.62% | N/A |
| Median 5 years | 53.25% | N/A |
| 10 years average annual | 8.19% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 50.9 days | N/A |
| Gross Rental Yield Percent | 2.31% | N/A |
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