Property Report A4 2
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5.4 Suburb Analysis Cont.<br />
North Hamilton<br />
Rototuna / Huntington<br />
• Newer development and construction<br />
• Higher property prices requiring higher initial<br />
investment<br />
• Lower maintenance costs<br />
• Tenancy - Popular due to modern fitouts, good<br />
schoolings and newer development<br />
• Rent Rate - Highest in Hamilton<br />
Chedworth / Chartwell<br />
• More established area of Hamilton<br />
• Good schooling, close to Shopping Centre<br />
• Tenancy - Popular with families<br />
• Rent Rate - Above average<br />
Bryant / St Andrews<br />
• More established area of Hamilton<br />
(not as modern as Pukete)<br />
• Popular family area with good schooling and<br />
close to Shopping Centre<br />
• Rent Rate - Medium<br />
Pukete<br />
• North West Hamilton - Close to The Base<br />
Shopping Centre and Te Rapa Industrial area<br />
• Relatively modern properties, very popular area<br />
with good schooling<br />
• Rent Rate - Medium to high<br />
Fairfield<br />
• Low socio-economic area<br />
• <strong>Property</strong> prices are alot lower and good deals<br />
can be found<br />
• Tenancy for lower income families<br />
• Rent rate - Low<br />
Forest Lake<br />
• Mix of modern and dated houses<br />
• Modern properties return good rental rates as<br />
this area is close to City Centre and the new<br />
Western Bypass Highway<br />
• Tenancy - Popular with families<br />
• Rate Rent - Medium<br />
East Hamilton<br />
Hamilton East<br />
• One of the first established area in Hamilton<br />
with some lovely heritage houses<br />
• Popular with young professionals<br />
• Increasing new development/townhouses<br />
• Rent Rate - Medium<br />
Hillcrest / Silverdale<br />
• Waikato University student area<br />
• Zoned for Hillcrest Highschool (good school)<br />
• Large influx of new developments<br />
West Hamilton<br />
Nawton<br />
• Low socio-economic area<br />
• <strong>Property</strong> prices are alot lower with good deals<br />
to be found<br />
• Close to Wintec Alavon Campus<br />
• Rent Rate - Low<br />
Western Heights<br />
• Modern properties with good rental returns<br />
• High demand for slightly larger houses /<br />
properties for families<br />
• Rent Rate - Medium to High<br />
Dinsdale<br />
• Area of working families / low income<br />
• Popular for tenants wanting units<br />
• Rent Rate - Medium to Low<br />
Frankton<br />
• Rezoned as residential / commercial<br />
• 2-3 bedroom town housing with good schooling<br />
• Rent Rate - Medium<br />
Hamilton West / Lake<br />
• Higher priced properties as it is close to CBD /<br />
hospital / lake with views<br />
• Tenancy - Older professional families / couples<br />
• Rent Rate - High<br />
Southern Hamilton<br />
Melville<br />
• Lower socio-economic area, properties tend to<br />
require more maintenance with higher tenant<br />
costs<br />
• Close to hospital with new townhouses<br />
• <strong>Property</strong> prices are lower and good deals can<br />
be found<br />
• Rent Rate - Low to Medium<br />
Deanwell / Glenview<br />
• Area of lower income families moving into<br />
established family homes<br />
• Longer term tenants<br />
• Close to good schools<br />
• Rent Rate - High<br />
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