Wickham is an inner-city suburb of Newcastle, located 3 kilometres from Newcastle’s central business district. It’s a very fashionable area due to its proximity to the city, its marina, waterside cafes and light rail to beaches. It has a mix of light industry, unit complexes and heritage terraces.
Wickham is approximately 0.7 square kilometres. It has 1 park covering nearly 13.7% of total
area. The population of Wickham in 2011 was 953 people. By 2016 the population was 1,108 showing a population growth of 16.3% in the area during that time. The predominant age group in Wickham is 20-29 years. Households in Wickham are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Wickham work in a professional occupation. In 2011, 44.8% of the homes in Wickham were owner-occupied compared with 43.3% in 2016.
Currently the median sales price of houses in the area is $940,00.
On average houses in Wickham rent out for $600 PW with an annual rental yield of 3.2% and units rent for $580 PW with a rental yield of 4.4%.
Based on five years of sales, Wickham has seen a compound growth rate of 39.5% for houses and 20.8% for units.
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