Glendale is a suburb of Lake Macquarie, New South Wales, Australia, located 15 kilometres west of Newcastle’s central business district at the northern tip of Lake Macquarie.
Glendale is a hub for western Newcastle with extensive shopping, entertainment and sporting facilities. It’s only minutes to Lake Macquarie, arterial roads to The Hunter Valley and is surrounded by new housing development to the west (eg. Cameron Park).
There are plenty of local schools, both public and private as well as a TAFE.
Glendale is approximately 3.8 square kilometres. In 2016 the population was 3,109. The predominant age group in Glendale is 0-9 years. Households in Glendale are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Glendale work in a trades occupation. In 2011, 73.5% of the homes in Glendale were owner-occupied compared with 68.8% in 2016.
Currently the median sales price of houses in the area is $745,000.
Houses in Glendale rent out for $500 PW with an annual rental yield of 3.7% and units rent for $320 PW with a rental yield of 4.4%.
Based on five years of sales, Glendale has seen a compound growth rate of 20.2% for houses.
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