West Wallsend is a smaller suburb 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 young professionals and families with a median age of 36. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in West Wallsend is $788,000, having dipped slightly 1.6% over the past year. Units have a median price of $510,000 (-11% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.6%. 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 3,396 incidents per 100,000 population.
From an investment perspective, West Wallsend offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($788K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -1.6% year-on-year.
West Wallsend is a smaller suburb 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 young professionals and families with a median age of 36. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in West Wallsend is $788,000, having dipped slightly 1.6% over the past year. Units have a median price of $510,000 (-11% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.6%. 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 3,396 incidents per 100,000 population.
From an investment perspective, West Wallsend offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($788K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -1.6% year-on-year.