Whitebridge is a suburb of Newcastle, 11 kilometres from Newcastle’s central business district. It is highly desirable due to its proximity to Dudley Beach, it’s shopping village and schools. One of Newcastle’s most prestigious and expensive streets, Burwood Rd, is in Whitebridge.
Whitebridge is approximately 5.4 square kilometres. It has 11 parks covering nearly 37.2% of total area. The population of Whitebridge in 2011 was 2,567 people. By 2016 the population was 2,620 showing a population growth of 2.1% in the area during that time. The predominant age group in Whitebridge is 50-59 years. Households in Whitebridge are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Whitebridge work in a professional occupation. In 2011, 81.6% of the homes in Whitebridge were owner occupied compared with 80.4% in 2016.
Currently the median sales price of houses in the area is $1,200,500.
Houses in Whitebridge rent out for an average of $600 PW with an annual rental yield of 3.4% and units rent for $650 PW with a rental yield of 3.9%.
Based on five years of sales, Whitebridge has seen a compound growth rate of 19.5% for houses and 15.4% for units.
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