Suburb Profile Report for Wallsend NSW (2287)

Wallsend House: Median price $490,000, Annual capital growth 5.11%, Number of sales 222, Weekly median advertised rent $420

Wallsend Unit: Median price $419,000, Annual capital growth 4.55%, Number of sales 48, Weekly median advertised rent $388

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

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

  • House Report
  • Unit Report

Wallsend is in the bottom 20% in NSW when comparing median price capital growth over the last year. Wallsend gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.21%.

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.36% offered to property buyers. Sellers in Wallsend itself are offering an average vendor discount of -4.64% to real estate investors.

Residents and property investors in Wallsend have been waiting around 44.2201 days to sell a property.

Renters in Suburb are facing rents around $21840 per annum or $420 every week.

At number 913th in the list of Australian suburbs ordered by increase in median house value over the last year, Wallsend, 2287 is in the BOTTOM 40% with a property value increase of 0.96% recorded in median house prices.

While Wallsend,2287 ranked number 217th in NSW for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.

Wallsend, 2287 is offering NSW ‘s 209th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 4.55%, investors should hope to achieve an overall return of 4.81%

Metrics i HOUSE UNIT
$490,000 $419,000
-0.05% 1.58%
-1.21% 0.96%
5.11% 4.55%
$420 $388
222 48
4.46% 4.81%
44.2201257861635 105.15625

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

DSR Score for property investment : Very good (H), Very 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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