Wickham

POSTAL CODE: NSW, 2293

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 19.48% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,150,000

The augmented property values in the suburb are trailing above the territorial average of 6.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $740.

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

The NSW suburb ranks 516th on the list of best yielding suburbs for rental properties in NSW, posting a 3.35% return.

It also places places 98th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 13.31% over the last 12 months in WICKHAM, 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 WICKHAM, 2293 obtained a 4.92% growth over a ten-year period. It ranks 977th on our list of suburbs that property investors should look into.

WICKHAM, 2293 has a capital gain of 13.31% for the past year, which is higher than average compared to its 26% growth within a five-year period.

With the median home price in WICKHAM sitting at $787,500, and the average rent at $750, property owners could potentially earn a 4.95% increase in gross rental yield.

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

WICKHAM, 2293 in NSW belongs to the local government area of Newcastle.

Surburb overview

Wickham is an inner-city suburb in the City of Newcastle, NSW, with postcode 2293, situated immediately west of Newcastle’s central business district between Newcastle West, Maryville and Hamilton East. The suburb is about two kilometres west of the centre of Newcastle’s central business district, with Hannell Street, Stewart Avenue and nearby roads providing connections across the inner city.

The 2021 Census recorded more than 1,300 residents in Wickham, with its population reflecting ongoing redevelopment of former commercial and industrial land. Housing includes apartments, terraces, townhouses and separate houses, with higher-density residential development concentrated around the transport interchange and harbour precinct.

Newcastle Interchange, located in Wickham, is a major public transport hub for Newcastle and the wider Hunter region. Train services connect the interchange with the Central Coast and Sydney, while Newcastle light rail operates from the interchange through the city centre to Newcastle Beach. Bus services also operate through Wickham and neighbouring Newcastle West, providing connections with suburbs across the Newcastle metropolitan area.

Primary and secondary schools are available in surrounding inner-city suburbs, while the University of Newcastle maintains facilities in Newcastle’s city centre.

Residents can access supermarkets, pharmacies, cafes, restaurants and other everyday services in Wickham, Newcastle West and the adjoining city centre. Marketown Shopping Centre at Newcastle West offers supermarkets and specialty shops, with additional retail and professional services available throughout central Newcastle.

Medical practices, pharmacies and allied healthcare providers operate nearby, with larger hospital and specialist facilities available elsewhere in Newcastle.

Wickham lies close to Newcastle Harbour and the Honeysuckle waterfront, where shared paths and public spaces support walking and cycling. Wickham Park provides local open space and sporting facilities within the suburb. Nearby, Throsby Creek has shared walking and cycling paths connecting Maryville, Islington and Carrington with the harbour precinct.

Newcastle’s harbour foreshore, beaches and Bathers Way coastal walk are accessible by light rail, bicycle, walking or road. The nearby Newcastle Museum and Civic precinct provide additional cultural and recreational facilities within the inner city.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,150,000	$787,500
Growth Report
Median Quarterly	7.48%	0.54%
Median 12 month	27.78%	13.31%
Median 3 years	19.48%	7.51%
Median 5 years	64.76%	26%
10 years average annual	9.65%	4.92%
Weekly media advert. rent	$740	$750
Time on Market	N/A	41.4 days
Gross Rental Yield Percent	3.35%	4.95%

Demographics (Median Values)*

Total Population 2521

Weekly Household Income 1488

Household Size 2.10

Average Age 36

Monthly Loan Repayment 1842

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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