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Gateshead
AREA REPORTS

Gateshead

Gateshead - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2290

house

A steady increase in median property prices over a five-year period in the suburb translates to a 18.53% 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 $545,250

The augmented property values in the suburb are trailing above the territorial average of 12.41% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.

Home owners selling their properties and realtors in GATESHEAD usually have to wait an average of 23.3 days days before their assets are lifted off the market.

The NSW suburb ranks 235th on the list of best yielding suburbs for rental properties in NSW, posting a 4.29% return.

It also places places 352nd in Australia based on median property value growth during the quarter.

Data report can be found below

Gateshead
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $545,250 N/A
GROWTH REPORT
Median Quarterly 8.18% N/A
Median 12 month 22.53% N/A
Median 3 years 18.53% N/A
Median 5 years 51.04% N/A
10 years average annual 7.5% N/A
Weekly media advert. rent $450 N/A
Time on Market 23.3 days N/A
Gross Rental Yield Percent 4.29% N/A
demographics (median values)*
Total Population
33426
Weekly Household Income
1376
Household Size
2.50
Age
40
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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