Sandgate is a quiet locality in New South Wales within the Newcastle local government area (postcode 2304). With a population of 276, the suburb has an older demographic with a median age of 69. Households earn a median income of $36K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, sales. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Sandgate is $4.3 million, having surged 388.6% over the past year. Units have a median price of $591,000 (-3.1% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $1,684.
Public transport access includes 1 rail station, 1 ferry wharf, 8 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Sandgate offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 120.4x is considered stretched. House prices have moved +388.6% year-on-year.
Sandgate is a quiet locality in New South Wales within the Newcastle local government area (postcode 2304). With a population of 276, the suburb has an older demographic with a median age of 69. Households earn a median income of $36K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, sales. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Sandgate is $4.3 million, having surged 388.6% over the past year. Units have a median price of $591,000 (-3.1% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $1,684.
Public transport access includes 1 rail station, 1 ferry wharf, 8 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Sandgate offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 120.4x is considered stretched. House prices have moved +388.6% year-on-year.