Suburb Profile Report for Wallsend NSW (2287)

Wallsend House: Median price $485,000, Annual capital growth 5.04%, Number of sales 224, Weekly median advertised rent $410

Wallsend Unit: Median price $415,000, Annual capital growth 4.00%, Number of sales 41, Weekly median advertised rent $380

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Wallsend, 2287 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.90%

Across a shorter period, Wallsend, 2287 has seen a median price increase of -0.92% over the last quarter.

Property buyers and investors in Wallsend 2287 should be seeing an average reduction in asking price of around -7.51% . This means that Wallsend is holding prices well when compared to other suburbs in NSW.

Wallsend is 304th on a list of best yielding suburbs for rents in NSW with a 4.40% return

Property value increases in Wallsend have tracked close to the NSW average of -2.98% 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

Wallsend2287 is located in NSW which offers an average discount of -6.37% to property investors. Wallsend itself is showing figures that indicate -8.17% is the average achievable by property buyers investing in the suburb.

The NSW suburb of Wallsend, 2287 is in the Newcastle (C) local government area.

Metrics i HOUSE UNIT
$485,000 $415,000
-0.92% 0.91%
-4.90% -2.35%
5.04% 4.00%
$410 $380
224 41
4.40% 4.76%
58.5294117647059 111.6

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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