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Wallsend suburb profile

Wallsend is a historic suburb located in the western part of Newcastle, New South Wales, known for its rich mining heritage and community spirit. Situated approximately 11km from Newcastle's CBD, Wallsend offers a blend of suburban comfort and urban convenience. The suburb features a mix of heritage homes and modern developments, catering to diverse lifestyles. Wallsend's vibrant town centre is a hub of activity, with a variety of shops, cafes, and essential services. The suburb is well-connected by public transport and offers easy access to major roads, making it a practical choice for families and professionals alike.

Wallsend property market performance

Current median dwelling price$735,000Past 3 months

Property growth+8.6%Past 12 months

Wallsend’s property market has shown robust growth over the past 12 months, with house values increasing by 10%, bringing the median house price to $800,000. Although unit sales are minimal, with only 3 units sold, unit values have still seen a 6.3% increase. This indicates a strong demand for housing in the area.

Sales activity for houses has been active, with 70 houses sold over the last 12 months. Houses are selling relatively quickly, with a median of 35 days on the market, while units are moving even faster at 17 days, despite the low volume of sales.

The rental market in Wallsend has also experienced changes, with house rents increasing by 8.6% over the last 12 months, averaging $630. Unit rents have remained stable, with no change, averaging $430, suggesting a steady demand for rental properties.

HousesUnits
Median price
Past 3 months
$820KN/A
Change in value
Past 12 months
11.2%5.9%
Sold
Past 3 months
511
Median days on market
Past 12 months
37N/A
Average rent
Past 12 months
$630$440
Change in rent
Past 12 months
8.6%-2.2%

5 year median price trend for houses and units

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Wallsend demographics

Wallsend, located in the Hunter Region of New South Wales, is a suburb that offers a blend of historical charm and modern convenience. With a population of 13,244, it is a community that balances family life with accessibility to urban amenities. The median age of 39 suggests a mature population, with many residents likely to be established in their careers and family lives. This is reflected in the suburb's family composition, where 37.2% of families are couples with children, and 39.5% are couples without children, indicating a stable and family-oriented community.

The housing landscape in Wallsend is diverse, with a significant portion of properties owned outright (30.5%) or with a mortgage (31.2%). This suggests a strong sense of homeownership and investment in the area. However, with 38.2% of properties being rented, there is also a notable rental market, catering to those who prefer flexibility or are new to the area. The median total household income of $1,401 per week reflects a moderate economic standing, suitable for families and individuals seeking a balanced lifestyle.

Wallsend's community is further enriched by its historical roots, with heritage buildings and a strong local identity. The suburb's proximity to Newcastle provides residents with easy access to larger city amenities while maintaining a quieter, suburban atmosphere. This makes Wallsend an attractive option for those looking to enjoy a peaceful lifestyle without sacrificing the conveniences of city living.

Wallsend infrastructure, key developments and investment opportunities

Wallsend has seen several local improvements that may positively affect its property market appeal. The area benefits from proximity to established amenities, including Wallsend Village shopping centre and recent upgrades to local medical facilities, with the major John Hunter Hospital and specialty clinics less than 10 minutes away, supporting ongoing demand from families and professionals. Additionally, the suburb remains closely linked to Newcastle University, making it attractive for students and academic staff seeking rental or purchase opportunities.

Education options in Wallsend are strong, with multiple primary schools in walking distance and high schools accessible in neighbouring suburbs, enhancing the suburb's desirability for families. Excellent connectivity to Newcastle CBD and major sporting complexes via direct road links and public transport contributes to steady demand and potential property value growth. There are no recent reports of major new infrastructure projects or significant planning changes impacting local supply, but ongoing maintenance and public amenity upgrades maintain Wallsend’s livability and long-term investment appeal.

Wallsend rental market trends

The rental market in Wallsend has experienced moderate growth, with house rents increasing by 8.6% over the past year to $630 per week, while unit rents have remained stable at $430 per week. This stability in unit rents, combined with the rise in house rents, reflects a balanced demand in the suburb, making it an attractive option for both renters and investors seeking steady returns.

Suburbs near Wallsend

Some popular suburbs near Wallsend include:

  • Lambton: Known for its historic charm and community parks, Lambton is located to the southeast of Wallsend.
  • New Lambton: Featuring a vibrant village atmosphere with cafes and shops, New Lambton lies to the southeast of Wallsend.
  • Kotara: Known for its major shopping centre and family-friendly environment, Kotara is situated to the south of Wallsend.
  • Mayfield: Offering a mix of residential and industrial areas with a growing dining scene, Mayfield is located to the east of Wallsend.
  • Charlestown: Known for its bustling commercial hub and proximity to beaches, Charlestown is situated to the south of Wallsend.

How does Wallsend compare to nearby suburbs?

  • Median house prices: Wallsend’s median house price is 28.8% lower than Lambton’s.
  • Median unit prices: Wallsend’s median unit price is 5.7% higher than Charlestown’s.
  • House price growth: Over the past 12 months, house prices in Wallsend have grown 16.5% higher than in Lambton.
  • Unit price growth: Over the past 12 months, unit prices in Wallsend have grown 1.4% higher than in New Lambton.
  • Selling speed for houses: Properties in Wallsend are selling 38.3% faster than in Lambton.

Common questions about Wallsend

  • Is Wallsend a nice place to live?

    Wallsend is a delightful suburb that offers a harmonious blend of historical charm and modern convenience, making it a lovely place to live. With its rich mining heritage, Wallsend exudes a unique character that is both welcoming and vibrant. The suburb is known for its strong sense of community, which is evident in its lively town centre filled with shops, cafes, and essential services. This creates a warm and inviting atmosphere that appeals to families and individuals alike. The suburb's proximity to Newcastle ensures that residents have easy access to urban amenities while enjoying the peacefulness of suburban life.

    For families, Wallsend is particularly appealing due to its excellent educational options, with several primary schools within walking distance and high schools nearby. The suburb's connectivity to Newcastle CBD and major sporting complexes via direct road links and public transport makes it a convenient choice for professionals and students. Safety is generally not a major concern, contributing to the suburb's family-friendly reputation. The presence of green spaces and parks provides ample opportunities for outdoor activities, making it an ideal location for those who appreciate a balanced lifestyle.

    However, living in Wallsend does come with some trade-offs. While it offers a quieter lifestyle compared to the bustling city centre, some may find the lack of nightlife and entertainment options limiting. Additionally, the mix of heritage homes and modern developments means that housing styles can vary greatly, which might not suit everyone's taste. Despite these minor drawbacks, Wallsend remains a charming suburb that offers a wonderful quality of life for those seeking a community-oriented environment with easy access to city conveniences.

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  • Is it expensive to live in Wallsend?

    Living in Wallsend can be considered moderately expensive, especially when you look at the housing market. The median house price in Wallsend is currently around $800,000. However, there are no current data for unit prices, which might suggest limited availability or demand for units in the area. Renting a house in Wallsend averages about $630 per week, while renting a unit is more affordable at around $430 per week.

    When you compare these figures to the average wage in Wallsend, which is approximately $74,000 per year, it becomes clear that a significant portion of income would be dedicated to housing costs. The median total household income weekly is $1,401, which aligns closely with the rental prices, indicating that while it is manageable for some, it could be a stretch for others, especially when accounting for other living expenses.

    Overall, while Wallsend offers a suburban lifestyle with access to amenities and services, the cost of living, particularly in terms of housing, might be on the higher side for those earning around the average wage. If you're thinking of living in Wallsend, it's important to carefully consider your budget to ensure it aligns with the expenses associated with residing in this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Wallsend a good place to invest?

    Wallsend is showing promising signs as a solid investment suburb, with a notable 10% increase in median house values over the past year. This growth indicates a healthy demand for properties in the area, making it an attractive option for investors looking for capital appreciation. The suburb's housing market appears to be on an upward trajectory, which is a positive indicator for potential investors.

    In terms of rental returns, Wallsend has seen an 8.6% increase in rent for houses, suggesting a strong rental market and demand from tenants. This can provide investors with a reliable source of rental income, which is always a key consideration when evaluating investment opportunities. While the rental growth for units has remained flat, the overall stability in the rental market can still offer a degree of security for those investing in units.

    Overall, Wallsend presents a balanced mix of capital growth and rental income potential. The suburb's recent performance in both property values and rental returns makes it a compelling choice for investors seeking a stable and potentially rewarding investment in the real estate market.

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Choose the right real estate agents in Wallsend

Choosing the right real estate agent in Wallsend can have a big impact on your sale. While there are 123 real estate agents working in the suburb, but just 5 of them were responsible for 22.9% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.87% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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