Suburb snapshot: Hamilton Hill
Hamilton Hill is a large established suburb located approximately 16km south-west of the Perth CBD.
Situated near the coast, it is just a short drive to Fremantle and is surrounded by the suburbs of Spearwood, North Coogee, South Fremantle, and Beaconsfield. The suburb is easily accessed via the key transportation routes of Leach Highway, Stock Road, and South Street and is convenient to a number of amenities including Cockburn Gateway Shopping Centre, Murdoch University, St John of God Hospital, and Murdoch train station.
It is home to a number of primary and high schools, both within the suburb and just beyond, and enjoys the benefit of a number of parks and reserves including Manning Lake wetlands and surrounding natural bushland. Additionally, homes on the west side of the suburb are ideally situated within a ten minute walk of popular South Beach.
Hamilton Hill has a number of features which make it a potentially sound investment. Many parts of the suburb are undergoing transformation and thanks to the Department of Housing´s Urban Renewal Program, the number of state housing projects has diminished with the advent of newer re-developed estates such as Phoenix Rise.
The suburb will benefit from the approved Phoenix Central Revitalisation which includes a number of areas for rezoning and rejuvenation of the Phoenix town centre. It will also feel the effects of the proposed Cockburn Coast District Structure Plan for the beach-side and old industrial area alongside it which are set to transform into a cosmopolitan hub of activity. The area was just recently rezoned from Industrial to Urban by the Metropolitan Region Scheme and is now out for public comment. It’s expected these plans will bring more young professionals to the area.
Properties in the suburb offer good value for money and are quite affordable in light of the future potential of the area. Properties around Manning Park and west of Carrington Street tend to be most popular and command a more premium price accordingly. Houses are a mix of both old and new, and include everything from apartments and villas to family homes and large plots ripe for development.
Prices in the area typically start in the low $200,000 – $300,000 which will buy an apartment or small parcel of subdivided land. Three bedroom villas or duplex’s are available from the low-mid $300,000’s although better properties usually fetch more than this. Larger plots of vacant land are mostly in the high $300,000’s. Houses start from $400,000 with more desirable properties in the high $400,000’s and larger family homes and potential development sites starting in the low $500,000’s up to as much as $850,000. Rents range from around $275 to $500 per week depending on the property.
|Growth rate (1 year average)||-4.5%|
|Growth rate (5 year average)||3.0%|
|Growth rate (10 year average)||11.3%|
|Median age of residents||39|
|Median weekly household income||$702|
|Percentage of rentals||37%|
Source: REIWA.com.au, January 2012