West Wallsend is a suburb and small town in the city of Lake Macquarie in New South Wales, Australia. It is near Newcastle’s suburbs and is close to Sydney-Newcastle freeway. It is about 112 kms. from Sydney. West Wallsend came about after establishment of West Wallsend Coal Company in 1885.A small town developed around the colliery. A railway was established to transport the coal. The mine closed down in 1923 due to economic slump. West Wallsend High School opened in 1964. There is a football club too. It is a decent neighbourhood with good options to buy and sell homes.
Real Estate in West Wallsend
Median selling price for houses here is $472,000. This is at a fall of -6.4% in 2019 compared to last year. Median selling price of homes in the previous year was $505,000. Total sales of homes was 51 in the period April 2019 – March 2020. Home sales peak in March, June, August and November every year. The median rent for homes is $450 per week at a growth rate of 5%. This is for 46 homes that went on rent in the last 12 months. West Wallsend is good for property management as you can buy and sell homes and units currently.
Population in West Wallsend
This suburb has a mix of young and the old people. There are 39% couples, 42% are couples with no children and 18% are single-parent families. Seniors above the age of 60 are over 525 people. Between 40 to 59 years, there are 520 people, and between 20 to 39 years there are about 600 people. Below 5 years, there are about 150 babies and toddlers while between 5 to 19 years, there are about 450 children.
Income in West Wallsend
Weekly household income is $1500+ for about 325 households. The same is between $500 to $1499 per week for another 325 households. About 100 households earn below $500 per week. 39% of the suburb’s residents are employed in full-time work, 23% in part-time work, 5% are unemployed and 30% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 75% of them drive their car to work and 2% worked at home.
Homes in West Wallsend
There are 96% separate houses as types of dwellings. 3% semis are available here. 31% homes are fully owned, 44% are purchasing homes and 19% 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 credible 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 and 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