Are you looking to purchase a home or investment property in Hamilton? As a Hamilton Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Hamilton property purchase!
Hamilton is an affluent, riverside suburb located 5km northeast of the Brisbane CBD. The suburb is well known for its grand character homes, its bustling cafe scene on Racecourse road, and the cruise ship terminal at Portside Wharf. Hamilton is bordered by the suburbs of Albion, Ascot, Eagle Farm and Hendra
The population of Hamilton in 2016 was around 7,000 and continues to grow. 45.5% of households in Hamilton are owner occupied and consistent predominantly of childless couples in their 20s.
Racecourse Road and Portside Wharf are home to a many cafes, restaurants and retail venues.
There are two nearby train stations at Ascot and Doomben. Several convenient bus services connect Hamilton with the Brisbane CBD via Kingsford Smith Drive. Ferries also operate to the city from Brett’s Wharf.
The area is home to a number of excellent private and public schools including St Margaret’s Anglican Girls School, Hamilton State School, Ascot State School, and Aviation High.
An area known as Hamilton Hill is the most desirable, and most expensive, part of Hamilton.
Traffic noise can be an issue for properties close to major thoroughfares including Kingsford Smith Drive.
Airtraffic noise will likely to become an issue for much of the Hamilton with the opening of Brisbane’s second runway.
Apartments account for the vast majority (79%) of properties in Hamilton. The Portside Wharf and North Shore development include several large high-rise developments close to the the Brisbane River.
Houses are predominantly timber character homes that were built in the early 1900s. Hamilton is home to many of Brisbane’s finest heritage listed homes.
The median house price in Hamilton is $1,868,500 which is well above Brisbane’s median.
The median house price in Hamilton would typically buy an unrenovated character home on a large sized block. For example: 11 Langside Rd, Hamilton, Qld 4007 – sold for $1,905,000 in July 2021 (click to view listingand see images below).
The median unit price in Hamilton is: $515,000.
This amount would typically buy a 2-bedroom, 2-bathroom, 1-garage unit in an contemporary complex. For example: 6/654-664 Kingsford Smith Drive – sold for $500,000 in 5 Nov 2021 (click to view listing and see images below)
In the last 5 years the median house price has increased by 63.9%. Over the last 10 years, house prices have increased by 5.6% per annum.
Units in Hamilton have seen more modest price growth. In the last 5 years the median price of units has fallen by -6.7%. On average, over the last 10 years unit prices have increased by 1.1% per annum.
**Statistics are accurate for December 2021
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