Gateshead (postcode 2290) is a compact suburb in New South Wales within the Lake Macquarie local government area. It is home to about 3,121 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $64K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Gateshead stand at $770,000, having grown strongly by 7.7% over the last twelve months. Units have a median price of $610,000 (+10.9% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.7%. 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 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.7% (moderate yield). Property prices sit below the state median ($770K/$1.5M), which can point to relative value. The price-to-income ratio of 12.0x is considered stretched. House prices have moved +7.7% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.