SUBURB SNAPSHOT
Steeped in history and towering over the harbour, The Hill is coveted for its grand Victorian residences, cosmopolitan lifestyle and views of the coast and city.
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About one kilometre from the CBD, the suburb was first known as Church Hill and then Prospect Hill. It was one of the earliest settled areas of Newcastle and the site of the first town plan laid out by Henry Dangar in 1823.
It is home to several iconic sites, including Christ Church Cathedral, the convict burial ground and the Anzac Memorial Walk.
Newcastle’s most expensive homes can be found in the suburb; among them Jesmond House which sold for a record $7 million in 2008 and Bishopscourt, which sold for a rumoured $5 million in 2015.
Other magnificent properties include ‘Woodlands’ on Church Street and Pacific House on The Terrace.
LIFESTYLE
True to its name, homes in this suburb are perched on a steep gradient between the hill and the harbour. The majority are Victorian terraces but the western basin is dominated by units.
The suburb is expected to get a further injection of medium density housing when NBN television vacates its studios on Mosbri Crescent.
Within walking distance to the eateries on Darby and Hunter Streets, The Hill also benefits from its proximity to Newcastle and Bar Beach.
The suburb’s residents are young – with a median age of 31 – well paid and well educated. More than 40 per cent are professionals, nearly double the NSW average.
FROM THE EXPERTS
The Hill overlooks Newcastle's CBD and is situated within walking distance of dining, schools, beaches and the harbour. It is home to the iconic King Edward Park, a great spot for family picnics and the Obelisk which showcases a 360 degree view of the city and Newcastle's beaches.
Properties range from apartments, townhouses, terrace-style homes and grand residences dating back to around the late 1800s. The current median price of houses in the area is approximately $1,100,000 and units approximately $485,000, allowing it to become an attractive location for investors and owner-occupiers.
-Presented by Scott Walkom, Walkom Real Estate