Birmingham Gardens is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 2,598, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Birmingham Gardens is $952,000, having surged 16.1% over the past year. Units have a median price of $633,000 (+2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Public transport access includes 1 rail station, 23 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Birmingham Gardens offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($952K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +16.1% year-on-year.
Birmingham Gardens is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 2,598, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Birmingham Gardens is $952,000, having surged 16.1% over the past year. Units have a median price of $633,000 (+2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Public transport access includes 1 rail station, 23 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Birmingham Gardens offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($952K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +16.1% year-on-year.