The Prestige of Hamilton Property, Brisbane
Hamilton is situated at the bank of the Brisbane River, about 7 kilometers of Brisbane
CBD. The Hamilton Hill is dominating the suburb where locals can enjoy amazing views
of the city as well as the river. On the east, you can see the Moreton Bay and the Mount
Cooth-tha on the west.
Hamilton has always been considered as a very prestigious Brisbane suburb and also
one of Brisbane’s “old money” areas. Before, this suburb is the home to several clergy
and aristocrats. Nowadays, it still holds its prestige and still houses the most powerful
families and business elites of Brisbane.
Current Real Estate in Hamilton
There are about 15,577 people living in the area as of 2006. This is a sharp increase
of 258% in its population in contrast to 4,348 in 2001. The age group predominant in
the area is 40-49. Most households are composed primarily of couples with children
are most likely to make repayment of $2000.00 every month on mortgage repayments.
Currently, the median house price in Hamilton is $ 1,180,000. This is way lot higher as
compared to $250,000 in 200. In terms of household occupancy, 45% are purchasers,
28% are outright owners while 25% are renting.
Even if there are quite a few grand property Hamilton residents own, this suburb still has
the diversity in the homes and rentals available in the area.
There are grand homes and property Hamilton Hill has but there is also the presence of
modern homes with impressive designs. Even if modern houses are present, this hasn’t
erased or even touched the history and the prestige of the area.
In the lower potion of the suburb, there are still grand homes which have designs unique
only to Queenslanders. Moreover, there are also ‘six pack’ styled apartments scattered
in the area which have been built during the 70s and 80s. For some people, these older
apartments might be considered as eyesores. However, they house the younger generation
of residents to have a chance to live in the area. There are also property Hamilton which
also features luxury apartments that can compete with Brisbane’s more established and
Lively Social Life
Since Hamilton is progressing, it is not a surprise that there are also superb restaurants in
the area. The social life mainly revolves around Portside Wharf and Racecourse Road,
which are just a stone’s throw away from each other. Racecourse Road is a well-known
destination throughout the day with a handful of cafés operating in daytime and bars and
restaurants during the evening. This place is also the shopping center with many women’s
fashion boutiques and retail outlets present.
You can find the Brisbane Cruise Terminal on the Portside Wharf. In this area, you
wedding receptions and other several functions. What’s also great about this area is that
aside from shopping and dining, there are several luxury apartments present.
One of the most awaited progressions waiting to unfold in Hamilton is the development
of Northshore Hamilton. This will feature a mix of commercial and residential use and
utilization of large areas for public parkland. This is one of Brisbane’s biggest urban
renewal projects. Once this is done, it is expected that the area’s population will double
from less than 5,000 residents.