Get a property report and suburb profile for any property in Wallsend

Wallsend is an inner-west Newcastle suburb with a coal-mining past, visible in streets of weatherboard miners' cottages and brick interwar homes alongside pockets of newer housing. A compact town centre provides shops, cafes and community services, and the suburb is served by regular bus routes and good road links to Newcastle and nearby centres. Local schools, sporting clubs, public ovals, parks and reserves provide everyday options for walking and weekend sport. Its practical, down-to-earth character suits long-term residents, young families and tradespeople.

About 13,244 people live in Wallsend, with a median age of 39 and a median household income of $1,401 a week ($72,852 a year). The family profile is dominated by couple families, which together make up 76.7% of families. Most homes are owner-occupied, about three in five households (61.7%), while renters are roughly two in five (38.2%). Several council and state projects affect the suburb, including town-centre public domain and traffic improvements, progressed road upgrades, a small social housing development on Curry Street, an investigated light-rail corridor to Wallsend Shopping Centre, and a funded senior-school building project for Macquarie College.

On the price side, Wallsend’s median house and unit prices sit well above what local households earned at the last Census. A median house price of $868,000 is about 11.9 times a typical local annual household income at the last Census, and a median unit price of $585,000 is about 8.0 times that income.

For renters, the weekly figures take a large share of local income: a $680 a week house rent would be about 48.5% of a typical local household's weekly income at the last Census, while a $490 a week unit rent would be about 35% of that income. If you are renting rather than buying, those rent shares are likely the most relevant numbers to you; whether they feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values climbed strongly over the past 12 months, up 11.3%, while unit values also rose a solid 9.3%. In Wallsend, those figures describe the capital-growth side of the market over the year.

On the income side, house rents rose a solid 7.9% and unit rents rose a modest 3.2%, so rental income increases were stronger for houses than for units this year. Capital growth exceeded rent growth for both property types over the past 12 months; whether that balance fits your goals and circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.