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West Wallsend
AREA REPORTS

West Wallsend

West Wallsend - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2286

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Property investors enjoyed capital gains of 11.17% over the last 12 months in WEST WALLSEND, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.16% growth over a ten-year period. It ranks 1115th on our list of suburbs that property investors should look into.

WEST WALLSEND, 2286 has a capital gain of 11.17% for the past year, which is higher than average compared to its 34.01% growth within a five-year period.

With the median home price in WEST WALLSEND sitting at $530,000, and the average rent at $472.5, property owners could potentially earn a 4.64% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in WEST WALLSEND are low, as opposed to average gains per annum over the past five years.

WEST WALLSEND, 2286 in NSW belongs to the local government area of Lake Macquarie (C).

Data report can be found below

West Wallsend
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 11.17% N/A
Median 3 years 11.34% N/A
Median 5 years 34.01% N/A
10 years average annual 6.16% N/A
Weekly media advert. rent $472.5 N/A
Time on Market 39.2 days N/A
Gross Rental Yield Percent 4.64% N/A
demographics (median values)*
Total Population
3909
Weekly Household Income
1323
Household Size
2.70
Age
38
Monthly Loan Repayment
1625
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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