Wallsend is a well-established suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 13,244, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Wallsend is $888,000, having grown strongly 6.5% over the past year. Units have a median price of $691,000 (+0.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Wallsend is served by 7 schools, including 5 primary, 1 secondary, 1 combined. The average ICSEA score is 1013, which is around the national average of 1,000. Public transport access includes 92 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Wallsend offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($888K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +6.5% year-on-year.
Wallsend is a well-established suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 13,244, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Wallsend is $888,000, having grown strongly 6.5% over the past year. Units have a median price of $691,000 (+0.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Wallsend is served by 7 schools, including 5 primary, 1 secondary, 1 combined. The average ICSEA score is 1013, which is around the national average of 1,000. Public transport access includes 92 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Wallsend offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($888K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +6.5% year-on-year.