West Wallsend is a smaller residential area in New South Wales within the Lake Macquarie local government area (postcode 2286). With a population of 2,981, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $85K per year, with an average household size of 2.6 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in West Wallsend stand at $958,000, having jumped by 19.7% over the last twelve months. Units have a median price of $573,000. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,863.
West Wallsend is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($958K/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +19.7% 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.