Wickham Property Management
Wickham is a northwestern suburb of Newcastle in New South Wales. It is located 3 km. from Central Business District (CBD) and has a population of 1079 people according to the 2016 Population census. Wickham means village by the creek. It became a municipality on 27 February 1871. It is a sparsely populated residential suburb. It earlier had a railway station which shut down in 2014. Wickham has its local cricket team known as HamWicks (which is a combination of Hamilton and Wickham). It also has two rugby union clubs. Thus this suburb is big on Sports. It is also popular among young families, first time buyers and real estate investor due to its proximity to the harbour and cosmopolitan Beaumont Street. Wickham has received $650 million for government revitalisation projects in Newcastle. Thus, it is expected to grow and prosper in the coming years and is popular among homebuyers.
Real Estate in Wickham
Median selling price for houses in Wickham currently is $650,000. This is at a decline of -7.1% in 2019 compared to the last year. Median selling price of homes in the previous year was $700,000. Total number of homes sold was 15 in 2019. Home sales peak in July every year. An average home in Wickham is rented out at $430 per week. Suburb rental yield is growing at a reasonable 3.4%. Number of current rentals is 39. An average unit costs $540,000 and has seen a moderate decline of -10%. Last year, median price of a unit was $600,000. Total sales recorded in the last two years was 79 units. Current median rent of a unit per week is $420 at a growth of 4%. Total units on rent were 39 last year. This is a good time for property management in Wickham as the prices are low currently.
Population in Wickham
This suburb has a mix of old and young population. There are 21% couples, 61% do not have children and 19% are single parent families. Seniors above the age of 60 are over 180 people. Between 40 to 59 years, there are 475 people, and between 20 to 39 years there are more than 260 people. Below 5 years, there are 40 babies and toddlers while between 5 to 19 years, there are 110 children. Weekly household income is $1500+ for about 220 households. The same is between $500 to $1499 per week for another 160 households. About 60 households earn below $500 per week. 39% of the suburb’s residents are employed in full-time work, 21% in part-time work, 4% are unemployed and 28% are not in labour force accounting for children and babies. These are according to 2011 statistics. 63% of them drive their car to work, 8% walked and 5% bicycled to work. There are 11% flats, 52% Semis/Terraces and 29% separate houses as types of dwellings. 20% homes are fully owned, 23% are purchasing homes and 54% 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 https://www.nobullrealestate.com.au