Suburb Profile Report for Wallsend NSW (2287)

Wallsend House: Median price $490,000, Annual capital growth 4.95%, Number of sales 234, Weekly median advertised rent $420

Wallsend Unit: Median price $415,000, Annual capital growth 4.11%, Number of sales 44, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Property value increases in Wallsend have tracked just lower than the NSW average of 1.14% over the last 12 months.

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

The most recent median price for Wallsend is $490000, with sellers offering an average of -7.80% off the asking price.

With the median price for a house in Wallsend being $490000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.46%

If you compare the increase in value of investment property in Wallsend, 2287 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.77%.

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

Property buyers and investors in Wallsend 2287 should be seeing an average reduction in asking price of around -7.22% . This means that Wallsend is holding prices well when compared to other suburbs in NSW.

Advertised rents are around the $390 mark per week – giving a return of 4.89% based on the median price in Suburb

Metrics i HOUSE UNIT
$490,000 $415,000
1.03% 0.00%
-2.20% -3.77%
4.95% 4.11%
$420 $390
234 44
4.46% 4.89%
56.6179775280899 111.5

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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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