Suburb Profile Report for Wallsend NSW (2287)

Wallsend House: Median price $460,000, Annual capital growth 4.95%, Number of sales 259, Weekly median advertised rent $388

Wallsend Unit: Median price $391,250, Annual capital growth 3.81%, Number of sales 64, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 12.20%. This compares averagely with the 11.06% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wallsend has increased when compared to the 5 year average annual rate.

Wallsend, 2287 is offering NSW ‘s 665th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

At number 540th in the list of Australian suburbs ordered by increase in median house value over the last year, Wallsend, 2287 is in the top 40% with a property value increase of 9.29% recorded in median house prices.

Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Wallsend should be aiming for at least -4.06% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Wallsend the average time real estate has been on the market is 64.92 days.

Metrics i HOUSE UNIT
$460,000 $391,250
2.22% 1.62%
12.20% 9.29%
4.95% 3.81%
$388 $370
259 64
4.38% 4.92%
43.34 64.92

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 12308
Median household income ($/weekly) 979
Median age of persons 40
Median housing loan repayment ($/monthly) 1665
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1410 11.5
    25-34 years 1595 13.0
    35-44 years 1524 12.4
    45-54 years 1562 12.7
    55-64 years 1462 11.9
    Others 4754 38.6
    Age Group
    Census Count Percent(%)
    Not Married 4200 46.1
    Registered Married 4104 45.0
    Defacto Relationship 811 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 10250 87.8
    Indonesia 83 0.7
    Papua New Guinea 94 0.8
    United Kingdom 273 2.3
    Other 235 2.0
    Others 735 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 103 0.9
    Christianity 8471 75.4
    Hinduism 85 0.8
    Islam 186 1.7
    No Religion 2333 20.8
    Others 60 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 529 12.2
    $400-$599 552 12.7
    $600-$799 464 10.7
    $1,000-$1,249 403 9.3
    $1,500-$1,999 547 12.6
    Others 1841 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4168 43.0
    Employed, worked full-time 3183 32.9
    Employed, worked part-time 1679 17.3
    Employed, away from work 337 3.5
    Unemployed, looking for work 318 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 953 18.3
    Technicians & trades workers 831 16.0
    Clerical & administrative workers 769 14.8
    Sales 552 10.6
    Labourers 611 11.8
    Others 1481 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 179 6.8
    Infants/Primary 861 32.6
    Secondary 708 26.8
    Technical or Further Educational Institution 281 10.6
    University or other Tertiary Institutions 535 20.3
    Others 77 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9806 86.4
    Semi-detached, row or terrace house, townhouse 974 8.6
    Flat, unit or apartment 569 5.0
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1603 34.3
    Being purchased 1550 33.2
    Rented 1443 30.9
    Other tenure type 77 1.6
    Tenure Type
Census 2011, ABS
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