Wallsend

POSTAL CODE: NSW, 2287
HOUSE
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Property investments in WALLSEND did not fare well against the rest of the country last year, registering a median home price decrease of 11.18%.

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

Based on its average 5-year and quarterly capital gains WALLSEND, 2287 saw average growth in the long term.

Real estate investors could earn a rental income of $660 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 31 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $889,444.

WALLSEND ranks 310th on the list of best yielding suburbs for rental properties in NSW, posting a 3.86% return.

Surburb overview

Wallsend is a residential and commercial suburb in the City of Newcastle, NSW, with postcode 2287, situated about 11 kilometres west of Newcastle’s central business district.

The suburb adjoins communities including Maryland, Elermore Vale, Jesmond and Birmingham Gardens, with Newcastle Road and the Newcastle Link Road providing connections across the metropolitan area.

The 2021 Census recorded more than 12,000 residents in Wallsend, making it one of the larger population centres in Newcastle’s western suburbs. Housing includes detached houses, townhouses, and units, with established residential neighbourhoods surrounding the suburb’s commercial centre.

Wallsend does not have an operating passenger railway station, making buses and private vehicles the main transport options for residents. Bus services connect Wallsend with Newcastle’s central business district, Jesmond, the University of Newcastle, Glendale and other surrounding centres.

Wallsend Public School provides primary education in the suburb, while Callaghan College Wallsend Campus is one of the local secondary education facilities. The University of Newcastle’s Callaghan campus is located nearby and provides tertiary education, research facilities and associated services.

Wallsend’s commercial centre around Nelson Street and Cowper Street contains supermarkets, pharmacies, cafes, shops, medical practices and other everyday services. Wallsend Village provides additional retail facilities, while larger shopping centres are available at Jesmond, Glendale and Charlestown.

Local healthcare includes general practices, pharmacies, dental clinics and allied health providers, with John Hunter Hospital at New Lambton Heights providing major emergency and specialist services nearby.

Wallsend Park provides public open space near the commercial centre, while Federal Park offers sporting facilities and recreational areas. Jesmond Park, east of the suburb, provides additional sporting fields, walking areas and open space.

Wallsend has a history of coal mining, which played an important role in the development of the suburb and the surrounding western Newcastle communities.

Nearby bushland and reserves provide opportunities for walking and other outdoor activities, while Newcastle’s beaches and the Lake Macquarie foreshore are accessible by road.

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