The post-budget guide to commercial property investing

Rankin Park

POSTAL CODE: NSW, 2287
HOUSE

Property investors enjoyed capital gains of 15.63% over the last 12 months in RANKIN PARK, translating to higher 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 7.11% growth over a ten-year period. It ranks 1930th on our list of suburbs that property investors should look into.

RANKIN PARK, 2287 has a capital gain of 15.63% for the past year, which is higher than average compared to its 40.57% growth within a five-year period.

With the median home price in RANKIN PARK sitting at $984,000, and the average rent at $750, property owners could potentially earn a 3.96% increase in gross rental yield.

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

RANKIN PARK, 2287 in NSW belongs to the local government area of Newcastle.

Surburb overview

Rankin Park is a residential suburb in the City of Newcastle, NSW, with postcode 2287, situated between New Lambton Heights, Elermore Vale, Cardiff Heights and Wallsend.

The suburb is about nine kilometres west of Newcastle’s central business district, with the Newcastle Inner City Bypass and surrounding arterial roads providing connections to central Newcastle, Charlestown and western suburbs.

The 2021 Census recorded about 2,500 residents in Rankin Park, with detached houses as the predominant type of housing. Residential streets run through undulating, elevated terrain, with substantial areas of bushland and open space remaining in parts of the suburb.

Rankin Park does not have a railway station, making buses and private vehicles the main transport options for residents. Bus services operate through Rankin Park and surrounding suburbs, providing connections towards Newcastle, Wallsend, Jesmond and other metropolitan centres.

Primary and secondary schools are available in neighbouring suburbs, including Elermore Vale, Wallsend and New Lambton, while additional government and non-government education facilities operate across Newcastle. The University of Newcastle’s Callaghan campus is within driving distance and provides tertiary education and research facilities.

Rankin Park has limited retail facilities, with residents generally travelling to Elermore Vale, Wallsend, Jesmond or Charlestown for supermarkets, pharmacies and other everyday services.

Medical centres and allied healthcare providers operate throughout the surrounding suburbs, while John Hunter Hospital is located immediately east of Rankin Park at New Lambton Heights. John Hunter Hospital provides emergency, specialist and tertiary healthcare services and forms part of a major health precinct serving Newcastle and the wider Hunter region.

Rankin Park contains neighbourhood parks and reserves that provide space for walking and informal outdoor recreation. Bushland corridors around the suburb provide additional opportunities for walking and nature observation, although access varies between managed areas. 

Nearby Jesmond Park contains sporting fields and open space, while Wallsend and Elermore Vale provide additional playgrounds, reserves and sporting facilities.

Blackbutt Reserve, located several kilometres to the east, features walking tracks, picnic areas, bushland and wildlife exhibits. Lake Macquarie and Newcastle’s coastal beaches are also accessible by road for boating, swimming, surfing and other outdoor activities.

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