Gateshead is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 3,121, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $64K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gateshead is $935,000, having surged 18.5% over the past year. Units have a median price of $608,000 (+9% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,705.
Gateshead is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Gateshead offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($935K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +18.5% year-on-year.
Gateshead is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 3,121, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $64K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gateshead is $935,000, having surged 18.5% over the past year. Units have a median price of $608,000 (+9% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,705.
Gateshead is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Gateshead offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($935K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +18.5% year-on-year.