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Hamilton suburb profile

Hamilton is a vibrant suburb located in the heart of Newcastle, New South Wales, known for its lively atmosphere and rich history. Just a short distance from the city centre, Hamilton offers a unique blend of heritage charm and modern conveniences. The suburb is famous for Beaumont Street, a bustling hub of cafes, restaurants, and boutique shops, reflecting its multicultural community. With its tree-lined streets and well-preserved architecture, Hamilton attracts families, professionals, and students alike. Its proximity to public transport, schools, and recreational facilities makes it a highly desirable location for those seeking a dynamic yet community-focused lifestyle.

Hamilton property market performance

Current median dwelling price$944,161.5Past 3 months

Property growth+5.5%Past 12 months

Hamilton’s property market has shown positive growth, with house values increasing by 8.4% over the past 12 months, bringing the median house price to $1.1 million. Unit values also saw an uplift of 5.9%, despite the median unit price being unavailable. Over the past three months, 18 houses and 7 units were sold.

The market shows a strong turnover, particularly for units, with a median of 20 days on market compared to 35 days for houses. This indicates a brisk demand for units in contrast to houses.

Rental yields have also improved, with house rents increasing by 7.9% to an average of $750, and unit rents rising by 7.7% to $560, highlighting robust demand in the rental sector.

HousesUnits
Median price
Past 3 months
$1.09MN/A
Change in value
Past 12 months
4.8%6.2%
Sold
Past 3 months
226
Median days on market
Past 12 months
2821
Average rent
Past 12 months
$750$565
Change in rent
Past 12 months
7.1%2.7%

5 year median price trend for houses and units

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Hamilton demographics

Hamilton, located in the heart of Newcastle, is a suburb that beautifully balances urban convenience with a welcoming community atmosphere. Known for its vibrant Beaumont Street, Hamilton offers a lively mix of cafes, restaurants, and boutique shops, making it a popular destination for both locals and visitors. The suburb's population of 4,614 enjoys a median age of 39, indicative of a mature community that includes working professionals, families, and long-term residents who appreciate its blend of city life and suburban charm.

Housing in Hamilton is diverse, with a significant portion of properties being rented, accounting for 45.9% of the housing market. This rental trend is complemented by a substantial number of homes owned outright (29.6%) and those owned with a mortgage (24.5%), reflecting a stable and varied property market. The suburb's family composition is equally diverse, with couple families without children making up 46% of the households, while couple families with children account for 32.3%. One-parent families also form a notable part of the community at 18.9%, contributing to the suburb's inclusive and family-friendly environment.

Hamilton's appeal lies in its accessibility and vibrant lifestyle, with excellent public transport links and proximity to Newcastle's central business district. The suburb's median total household income of $1,689 per week suggests a comfortable standard of living, attracting a mix of professionals and families seeking a balanced lifestyle. With its rich cultural scene, community events, and a strong sense of local identity, Hamilton continues to be a sought-after location for those looking to enjoy the best of Newcastle's urban and suburban offerings.

Suburbs near Hamilton

Some popular suburbs near Hamilton include:

  • Islington: Known for its eclectic mix of vintage shops and cafes, Islington is located directly northeast of Hamilton.
  • Hamilton East: Featuring charming heritage homes and leafy streets, Hamilton East is situated to the east of Hamilton.
  • Newcastle West: Known for its urban renewal and proximity to the city center, Newcastle West lies to the southeast of Hamilton.
  • Wickham: Offering a mix of residential and commercial spaces with a vibrant community, Wickham is located to the south of Hamilton.
  • Hamilton South: Known for its spacious parks and family-friendly atmosphere, Hamilton South is situated directly south of Hamilton.

How does Hamilton compare to nearby suburbs?

  • Median house prices: Hamilton’s median house price is 30.1% lower than Hamilton South’s.
  • Median unit prices: Hamilton’s median unit price is 9.8% lower than Newcastle West’s.
  • House price growth: Over the past 12 months, house prices in Hamilton have grown 19.1% higher than in Hamilton South.
  • Unit price growth: Over the past 12 months, unit prices in Hamilton have grown 2.9% higher than in Newcastle West.
  • Selling speed for houses: Properties in Hamilton are selling 37.8% faster than in Hamilton East.
  • Selling speed for units: Properties in Hamilton are selling 8.7% faster than in Islington.

Choose the right real estate agents in Hamilton

There are 51 real estate agents in Hamilton, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 34.8% of all sales in the past year.

Commission rates in Hamilton typically range from 1.87% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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