Suburb Profile Report for Wallsend NSW (2287)

Wallsend House: Median price $507,500, Annual capital growth 5.73%, Number of sales 274, Weekly median advertised rent $405

Wallsend Unit: Median price $420,000, Annual capital growth 4.44%, Number of sales 74, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Wallsend has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.66% to date .

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.

LACK OF BUYER INTEREST may well be the reason that Wallsend is offering property investors an average of -7.17. This rate of discount on properties puts Suburb at number 1089th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $21060 per annum or $405 every week.

Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 0.00%. This compares averagely with the 1.12% for NSW as a whole.

If we look at median property appreciation over just the last three months, Wallsend has given property investors a paper return of 3.70%. This puts Suburb as 89 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Wallsend is $420000, with sellers offering an average of -6.86% off the asking price.

On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.

With the median price for a house in Wallsend being $420000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.70%

Metrics i HOUSE UNIT
$507,500 $420,000
2.01% 3.70%
7.66% 0.00%
5.73% 4.44%
$405 $380
274 74
4.15% 4.70%
49.2 53.42

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

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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