The Hill Suburb Profile

The Hill is in huge demand for its lovely Victorian residences, cosmopolitan lifestyle and views of the coast and the city. Steeped in history and near to the harbour and beaches.

Ask anyone who lives in The Hill what they love about it and there’s a long list. Residents eat out in trendy Darby Street or on the Harbour’s Honeysuckle Precinct. They can stroll through beautiful King Edward Park with its electric barbecues and picnic facilities. It’s an easy walk to the clean surf beaches and it’s only 1km away from the city.

For those who want to leave Sydney but still enjoy the amenities of city life such as theatres and galleries, it’s perfect. “I have work in town and can leave home at 8.45am for my 9am start time, and be home in time to have a few hours with my family at the end of the day. I even get the occasional lunch at home with them as well,” says one relieved newbie.

It’s no wonder that when website Homely asked locals what they didn’t like about The Hill, they couldn’t come up with a single negative.

Iconic History

For the many Australians who love a sense of place and history, The Hill is particularly special, says Natasha McElwaine from McElwaine Estate Agents.

It’s home to several iconic sites including Christ Church Cathedral, the convict burial ground and the Anzac Memorial Walk, and has a San Franciscan feel with streets running down the hill to the harbour.

From the 1860s, the city’s fast-growing middle class chose The Hill to establish a number of fine houses, many of which still survive and have been stunningly renovated.

Natasha points out that when a home is that special, you’re not just selling high ceilings, polished floorboards, lacework verandahs and multiple fireplaces, you’re selling craftsmanship.

“Houses here don’t trade too often, people love the area so much,” Natasha continues with her stock-in-trade understanding of the emotion of both leaving and selling a home.

World-class marketing is also important, adds Natasha, with describing The Hill as a “high demand market” with some of Newcastle’s highest prices.

For those who can’t afford the top of the market – and even in June with worries house prices may lower, a stunning four-level terrace in Tyrrell Street sold for $1.8 million – there are also plenty of terraces, townhouses and apartments.

Real Estate The Hill
Iconic properties on The Hill

The Hill Real Estate

The median house price for a three-bedroom house in The Hill is $870,000 with units averaging out at $515,000 according to Domain.

The Hill attracts a mix of community, everyone from families and hipsters to singles and retirees, although professional young couples are the largest demographic.

According to propertyvalue, more than half those living here are renters so it’s also a desirable spot for an investment property. “Investors are particularly keen on units, which have an average yield of 3.5%,” says Natasha.

“Based on five years of sales, The Hill has also seen a compound growth rate of 10.8 per cent for houses and 7.1 per cent for units which makes them even more attractive.”