This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $2,029 or a weekly rent payment of $400. The average family earns a weekly income of $2,250 with a typical household size of 2.2 and a 100.6% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Hamilton North due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Hamilton North provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Hamilton North to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Hamilton North we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Hamilton North a better buying opportunity than it may have been in the past.
(Country of Birth not stated 7%)
Hamilton - Broadmeadow a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
38 / 100
31 / 100
Industry
21 / 100
22 / 100
Population
19 / 100
19 / 100
House Prices
54 / 100
60 / 100
Jobs
29 / 100
29 / 100
Incidents Trend State Average
Lambton High School
Lambton, NSW, 2299 State 7-12
St Philip's Christian College DALE Young Parents
Waratah, NSW, 2298 Independent 9-12
Newcastle Senior School
Waratah, NSW, 2298 State U
Hunter School of Performing Arts
Broadmeadow, NSW, 2292 State K-12
Callaghan College Waratah Campus
Waratah, NSW, 2298 State 7-10
St Philip's Christian College DALE
Waratah, NSW, 2298 Independent U
Islington Public School
Islington, NSW, 2296 State K-6
Hamilton North Public School
Broadmeadow, NSW, 2292 State K-6
Hamilton Public School
Hamilton, NSW, 2303 State K-6
Tighes Hill Public School
Tighes Hill, NSW, 2297 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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