Wallsend is a western suburb of Newcastle, 11 kilometres from Newcastle’s central business district. It is increasingly popular with young buyers as they are being priced out of inner-city suburbs. It features a host of amenities including shops, pubs, schools, a public swimming centre and library.
Wallsend is approximately 13.5 square kilometres. It has 28 parks covering nearly 13% of
total area. The population of Wallsend in 2011 was 12,308 people. By 2016 the population was 12,458 showing a population growth of 1.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation. In 2011, 65.5% of the homes in Wallsend were owner-occupied compared with 61.2% in 2016.
Currently the median sales price of houses in the area is $720,000.
On average, houses in Wallsend rent out for $500 PW with an annual rental yield of 3.8% and units rent for $470 PW with a rental yield of 4.4%.
Based on five years of sales, Wallsend has seen a compound growth rate of 11.9% for houses and 17.6% for units.
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