Get a property report and suburb profile for any property in Hamlyn Terrace

Hamlyn Terrace is a modern residential suburb on the Central Coast near Wyong and Tuggerah, with estate-style streets of contemporary brick homes and roomy backyards. The neighbourhood centres on parks, playgrounds and pockets of native bushland with walking paths, giving a relaxed suburban feel. It attracts families and commuters who want a quieter lifestyle while staying connected to larger centres, with local shops and community facilities nearby and straightforward access to the M1 motorway and train stations at Wyong and Tuggerah.

About 8,761 people live here and the median age is 36, with a median household income of $1,941 a week. Nearly half of families are couple families with children and roughly two in three homes are owner occupied while about one in three are rented. Recent local works include a new NSW Ambulance station, road upgrades, proposals to adapt space at Wyong Hospital and activity around the Hamlyn Terrace sports facility, all reinforcing everyday infrastructure in the area.

Buying a house in Hamlyn Terrace works out to about 10.1 times a typical local annual household income at the last Census, using the median house price of $1,020,000 and a weekly household income of $1,941. On those figures, buying sits well above what a typical local household earned at the last Census.

Renting looks less stretched in comparison. A house rent of $750 a week would take about 38.6% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $510 a week would take about 26.3%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movements in Hamlyn Terrace over the past 12 months are on the house side: median house values rose 10.0%, a strong increase, while house rents climbed 7.1%, a solid rise. Unit rents increased 3.0%, a modest rise, so house rents have grown faster than unit rents this year. For someone weighing Hamlyn Terrace as an investment, the value change points to capital growth and the rent changes point to rental income. Over the year house value growth outpaced house rent growth; whether that pattern suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.