With the CBD as its neighbour, you’d expect Cooks Hill to mirror the hustle and bustle of the busy city streets – but it’s quite the opposite. Known for its streets lined by lush trees and Victorian terrace houses, its popular corner pubs and the trendy cafes and boutique shops, Cooks Hill has become a popular location for homeowners.
Add the close proximity to the stunning Newcastle coastline and you’ve got a real winner when it comes to lifestyle – coastal living, great restaurants and bars, and fantastic schools and facilities.
Over the past five years, Cooks Hill has seen a steady growth in property value and sits at a median property value of $950,000 for a house and $550,000 for a unit or apartment. The steady growth over the years presents a strong opportunity to buyers and investors to secure a patch of one of Newcastle’s climbing suburbs.
A gross rental yield of over three per cent for standalone homes and 4.07 per cent for units is attractive from a return on investment perspective for those looking to grow their portfolio.
Whilst the median weekly rent of $550 per week for homes and $430 for units presents good value for money for renters considering the proximity to Newcastle’s city and the coastal lifestyle offered in the area.
Right off the infamous Darby Street, and just minutes away from Newcastle’s spectacular beaches, the convenient location of Cooks Hill is just one reason to consider the suburb when exploring your real estate options. Darby Street has everything from the fresh Japanese cuisine at Sushi Train, right down to the sweet treats of Monella Gelato, and every other kind of foodie haven in between – Indian, cafes, Mexican, pizza and more!
Dotted with designer and boutique clothing and home apparel stores, Darby Street has become an attractive location for leisurely weekends. Grab a coffee after a surf at the local Newcastle Beach or a swim in the Bogey Hole. Or spend the morning shopping for fresh, organic produce at Harris Farmer’s Markets or for trinkets at the nearby monthly Olive Tree Markets.
Or if you love a night out tasting craft beer or dancing up a storm, Darby Streets local bars and popular The Delany Hotel are sure to delight.
The sought-after Cooks Hill suburb is also home to Newcastle’s largest library – City Library, which offers great events and activities for locals. It is also primely positioned nearby to National Park netball courts and sporting ovals, Sports Parc's popular fitness centre and an abundance of outdoor play equipment and fitness facilities in local parks.
The education opportunities available in and around Cook’s Hill are yet another bonus of living in the area. Preschools are aplenty, primary school options include Newcastle Grammar (Parks campus), Newcastle East Public, St Joseph’s Primary, and even more options in neighbouring suburbs. High schoolers can pick from Cook’s Hill Campus, Alesco Senior College, and Newcastle High. And even tertiary studies are made possible for those in Cook’s Hill – with thanks to the addition of the city campus to the University of Newcastle. The sleek, modern NeW Space is just a short walk from home.
Whether you like to drive, bus, walk, tram, bike or scooter your way to work, there’s plenty of transport options available to you here. The public bus service is regular along Darby Street. The suburbs proximity to Newcastle means you can start your day with a bike ride or walk along the coast on your way to work.
Cooks Hill bin night Bin collection day for Cooks Hill is Tuesday. Find out more by clicking here
Another reason people (and our team) love the suburb is the genuine people. Just like the team at Street Property, the people residing in Cook’s Hill are genuine and friendly. It’s our knowledge of the Novocastrian culture that gives Street Property a unique edge, but it’s the long-time locals that you’ll find in Cook’s Hill that make the suburb a truly inviting one for buyers and renters alike, and an attractive one for investors.
Street Property are a homegrown success that puts our people first, so finding you the home you’ve always dreamed of is exactly why we wake up in the morning! Will one of the gorgeous properties in Cook’s Hill be your next home? If so, contact our team and find your way home with Street Property.