Wallsend Property Management
Wallsend is a western suburb of Newcastle in New South Wales. It is 11 km. from Central Business District (CBD) and has a population of 12,470 people according to the 2016 Population census. Wallsend was named after a coal mining township in England. Its early aboriginal name was Barrahinebin. It began as two mining towns, Wallsend and Plattsburg. Wallsend prospered more and developed into the hub of western Newcastle that offers both commercial and residential spaces. Wallsend area is home to Wallsend Park, Invermore Close Reserve, Federal Park, Wallsend Brickworks Park and some smaller reserves. Wallsend District Library is one of Newcastle’s largest libraries. There are many schools here and buses into the CBD and other suburbs. Wallsend has a large commercial district offering businesses, supermarkets and banks.
Real Estate in Wallsend
Median selling price for houses in Wallsend is $486,000. This is at a decline of -4.7% in 2019 compared to the last year. Median selling price of homes in the previous year was $510,000. Total number of homes sold was 210 in 2019. Home sales peak in March, May, July and November every year. An average home in Wallsend is rented out at $380 per week. Suburb rental yield is growing at a reasonable -1.2%. Number of current rentals is 302. An average unit costs $415,000 and has seen a moderate decline of -1.2%. Last year, median price of a unit was $420,000. Total sales recorded last year was 118 units. Current median rent of a unit per week is $350 at a growth of 4.4%. Total units on rent were 136 last year. This is a good time for property management in Wallsend as the prices are low currently.
Population in Wallsend
This suburb has a mix of old and young population. There are 38% couples, out of which 38% do not have children and 21% are single parent families. Seniors above the age of 60 are over 3350 people. Between 40 to 59 years, there are 3000 people, and between 20 to 39 years there are more than 3450 people. Below 5 years, there are 750 babies and toddlers while between 5 to 19 years, there are 2000 children. Weekly household income is $1500+ for about 1600 people. The same is between $500 to $1499 per week for another 1800 people. About 400 people earn below $500 per week. 32% of the suburb’s residents are employed in full-time work, 17% in part-time work, 3% are unemployed and 42% are not in labour force accounting for children and babies. 72% of them drive their car to work and 3% work at home. There are 5% flats, 14% Semis/Terraces and 80% separate houses as types of dwellings. 31% homes are fully owned, 30% are purchasing homes and 34% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a good reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au