Hamilton

Real estate profile

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Location

5 km north of the Brisbane CBD.

Features

Proximity to Brisbane City, Breakfast Creek Wharf and Eagle Farm Racecourse, Brisbane River frontage.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $818,750.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $400. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $280.

Profile

Bordering the Brisbane River and surrounded by the suburbs of Ascot, Albion and Newstead, Hamilton is one of Brisbane’s most popular prestige suburbs for owner-occupiers and investors alike.

Only 5 km from the Brisbane CBD, the suburb is within easy reach of local landmarks like the Breakfast Creek Wharf, and the Eagle Farm Racecourse, as well as the Brisbane River- Hamilton is the perfect residence for boat owners.

The nearby racecourse comes alive during the Winter and Spring Racing Carnivals and the Racecourse Road Festival is a fun day out for the whole family. Local parks, river walkways and water activities are popular all year round.

The mix of houses and townhouse/units (60:40) are mainly occupied by young and established families. Excellent bus services in the area make getting to and from schools located in Hamilton and the neighbouring suburbs convenient. Schools include Hamilton Primary School, Ascot State School, St Rita’s College and St Margaret’s Anglican Girls’ School.

For residents heading into the City, regular bus routes and the City Cat ferry service make the daily commute convenient. Getting away for the weekend is also a breeze with easy access to the Gateway Motorway for coastal day trips, and the Brisbane Domestic and International Airports for interstate and international travel.

Revamping of the infrastructure around the suburb has only added to Hamilton’s appeal. Like the neighbouring suburbs of Ascot, Hamilton has developed a café precinct, which entices both locals and visitors to the area.

Local street stores and cafes supplement Toombul Westfield Shoppingtown– only 10 minutes away – which also offers a cinema complex for residents looking for a variety of entertainment.

Hamilton has experienced very strong growth in median house prices during the past five years. However, the median house price does not reflect the diversity of pricing available within the suburb.

Like many Brisbane suburbs, Hamilton has a range of pricing available, from the most expensive to the more affordable styles appealing to a mix of residents. However, the trend is certainly heading towards a higher concentration of prestige dwellings in the suburb.

According to the 2006 Census there were 4,366 people living in the suburb with a median age of 38. The median individual income was $732 per week. Of all occupied private dwellings 51.5% were either fully owned or being purchased; 33.2% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.