Cooks Hill is a fashionable, quirky inner-city suburb of Newcastle. It is typified by its tree lined streets, rows of Victorian terrace housing, turn of the century timber cottages and corner pubs. It is very popular with young people due to its excellent shopping and eating strip, proximity to the city and Newcastle’s cultural hub.
Cooks Hill is approximately 0.7 square kilometres. It has 4 parks covering nearly 3.3% of total area. The population of Cooks Hill in 2016 was 3,606. The predominant age group in Cooks Hill is 20-29 years. Households in Cooks Hill are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Cooks Hill work in a professional occupation. In 2011, 44% of the homes in Cooks Hill were owner-occupied compared with 41.3% in 2016.
Currently the median sales price of houses in the area is $1,327,500.
Houses in Cooks Hill rent out for $650 PW with an annual rental yield of 2.7% and units rent for $520 PW with a rental yield of 3.7%.
Based on five years of sales, Cooks Hill has seen a compound growth rate of 10.6% for houses and 25.5% for units.
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