Birmingham Gardens is a suburb of Newcastle, bordering the University of Newcastle, 11 kilometres west-northwest of Newcastle’s central business district. As it borders the university, it has a very high proportion of rental properties.
Birmingham Gardens is approximately 0.8 square kilometres. It has 3 parks covering nearly 4.1% of total area. The population of Birmingham Gardens in 2011 was 2,122 people. By 2016 the population was 2,380 showing a population growth of 12.2% in the area during that time. The predominant age group in Birmingham Gardens is 20-29 years. In 2011, 58.3% of the homes in Birmingham Gardens were owner-occupied compared with 46.2% in 2016.
Currently the median sales price of houses in the area is $695,000.
Houses in Birmingham Gardens on average rent out for $420 PW with an annual rental yield of 3.1% and units rent for $450 PW with a rental yield of 4.2%.
Based on five years of sales, Birmingham Gardens has seen a compound growth rate of 23.9% for houses.
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