The post-budget guide to commercial property investing

Gateshead

POSTAL CODE: NSW, 2290
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 25.76% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $830,000

The augmented property values in the suburb are trailing above the territorial average of 6.44% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.

Home owners selling their properties and realtors in GATESHEAD usually have to wait an average of 15.1 days days before their assets are lifted off the market.

The NSW suburb ranks 348th on the list of best yielding suburbs for rental properties in NSW, posting a 3.76% return.

It also places places 447th in Australia based on median property value growth during the quarter.

Surburb overview

Gateshead is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2290, situated between Charlestown, Mount Hutton, Bennetts Green and Whitebridge. The suburb is about 11 kilometres south-west of Newcastle’s central business district, with the Pacific Highway providing road connections towards Newcastle, Belmont and other Lake Macquarie centres.

The 2021 Census recorded about 3,100 residents in Gateshead, with separate houses forming much of the suburb’s residential accommodation. Residential neighbourhoods are interspersed with education, healthcare and community facilities, while commercial areas are concentrated along major roads and in neighbouring suburbs.

Gateshead does not have a railway station, making buses and private vehicles the main transport options for residents. Bus services operate through Gateshead and along the Pacific Highway, providing connections towards Charlestown, Belmont, Swansea and Newcastle.

Gateshead Public School provides primary education within the suburb, while Wiripaang Public School and Hunter Sports High School are also located in the local area.

Residents can access shops and everyday services in Gateshead and neighbouring Mount Hutton, Bennetts Green and Charlestown. Lake Macquarie Square at Mount Hutton and Charlestown Square provide supermarkets, specialty retailers, dining outlets, pharmacies and other services within a short drive.

Medical centres, pharmacies and allied healthcare providers operate locally and in surrounding suburbs, while Belmont Hospital at Croudace Bay provides hospital services to the wider Lake Macquarie area.

Gateshead has local parks, playgrounds, and sports facilities that support organised and informal recreation. The nearby Fernleigh Track provides a shared walking and cycling route between Adamstown and Belmont along a former railway corridor.

Glenrock State Conservation Area, north-east of Gateshead, contains bushwalking and mountain biking trails through forest and coastal environments.

Redhead and Dudley beaches are accessible by road and provide opportunities for swimming, surfing, fishing and coastal walking.

Lake Macquarie is accessible at nearby Belmont and Croudace Bay, where foreshore reserves provide opportunities for walking, picnicking, boating, fishing and kayaking.

 

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