Suburb Profile Report for West Wallsend NSW (2286)

West Wallsend House: Median price $506,250, Annual capital growth 7.46%, Number of sales 34, Weekly median advertised rent $420

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in West Wallsend, 2286 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.26%.

When looking at the potential capital gains offered to property investors over the last 3 years, West Wallsend comes in at number 138th in NSW.

Property buyers and investors in West Wallsend 2286 should be seeing an average reduction in asking price of around -5.22% . This means that West Wallsend is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in West Wallsend the average time real estate has been on the market is 74.5862 days.

Metrics i HOUSE UNIT
$506,250 N/A
2.27% N/A
1.26% N/A
7.46% N/A
$420 N/A
34 N/A
4.31% N/A
74.5862068965517 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1714
Median household income ($/weekly) 1057
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 243 14.2
    25-34 years 194 11.3
    35-44 years 259 15.1
    45-54 years 246 14.4
    55-64 years 192 11.2
    Others 580 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 563 45.0
    Not Married 545 43.5
    Defacto Relationship 144 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1560 95.0
    Greece 9 0.5
    Papua New Guinea 19 1.2
    United Kingdom 32 1.9
    Other 7 0.4
    Others 15 0.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1126 72.8
    No Religion 401 25.9
    Other Religious Groups 11 0.7
    Buddhism 9 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 74 13.1
    $600-$799 74 13.1
    $1,000-$1,249 56 9.9
    $1,500-$1,999 79 13.9
    $2,000-$2,499 54 9.5
    Others 230 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 490 38.6
    Employed, worked full-time 453 35.6
    Employed, worked part-time 222 17.5
    Employed, away from work 60 4.7
    Unemployed, looking for work 46 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 89 12.1
    Technicians & trades workers 148 20.1
    Clerical & administrative workers 90 12.2
    Machinery operators & drivers 81 11.0
    Labourers 113 15.4
    Others 214 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 48 11.5
    Infants/Primary 159 38.2
    Secondary 124 29.8
    Technical or Further Educational Institution 39 9.4
    University or other Tertiary Institutions 37 8.9
    Others 9 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1606 97.3
    Flat, unit or apartment 17 1.0
    Semi-detached, row or terrace house, townhouse 14 0.8
    House or flat attached to a shop, office 13 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 285 47.1
    Fully owned 206 34.0
    Rented 114 18.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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