Black Hill (postcode 2322) is a small locality in New South Wales within the Newcastle local government area. The area has roughly 516 residents and a mature demographic, with a median age of 47. Households earn a median income of $155K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
The median house price in Black Hill is $3.1 million, having risen steeply by 28.1% over the past year. The current median weekly rent is $675. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,665.
Black Hill is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Newcastle LGA is moderate at 6,303 incidents per 100,000 population.
From an investment perspective, Black Hill shows a gross rental yield of approximately 1.1%, rated as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.0x is considered stretched. House prices have moved +28.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.