West Wallsend, NSW

SUBURB PROFILE WEST WALLSEND

West Wallsend is a suburb located in City of Lake in the Glendale-Cardiff area by 2030 under the LHRS. Macquarie local government area, only 30 minutes away from the Newcastle CBD. Wallsend Town Centre It is identified for employment generating development and infrastructure upgrades under the Just 12 minutes away, is Wallsend Town Centre, a Lower Hunter Regional Strategy (LHRS). shopping and commercial hub also identified under

the LHRS. Key amenities include Stocklands West Wallsend also forms part of the LHRS’s Newcastle-Lake Macquarie Western Corridor which Shopping Centre, a medical hub and professional covers land from Beresfield to Killingworth, including services. Nearby there is also the planned ‘Cameron Minmi, Cameron Park, West Wallsend, Wallsend and Park Marketplace’ - A $40 million shopping centre Edgeworth (see outlined red area in map on next with the first stage to include a supermarket, page). specialty shops and a town square.

It is projected that 8,000 dwellings and up to 1,500 Local community sports and recreational facilities hectares of employment lands will be achieved in this in the area include a new $550,000 skate park, Western Corridor area. squash centre, swimming pool as well as four major parks and some smaller reserves providing Glendale Economic Hub picnic areas and children’s equipment. A small cycleway runs near the Wallsend Town Glendale, an identified emerging ‘Major Regional Centre’ projected to have the greatest increase of Centre and there are plans for a 3km Wallsend to employment growth after the Newcastle CBD, is only Glendale Tramway/Cycleway. 10 minutes away frm West Wallsend.

Newcastle CBD As part of the redeveloping centre, a new railway station and bus & rail interchange is proposed The Newcastle CBD is transforming - from which will ultimately increase transport amenity for industrial steel mill and coal mine region to a the local area. vibrant, diverse and major administrative centre It is projected an additional 6,200 jobs will be created offering genuine employment opportunities – an additional 10,000 jobs expected by 2036.

West Wallsend

West Wallsend is located approximately 30 minutes to the west of the Newcastle

Proposed changes include: With massive infrastructure spending and a strong business sector, Newcastle is becoming a • A new light rail project and new transport significant market, a vibrant affordable alternative interchange at Wickham that will help reconnect the to and the property experts agree. city with the foreshore and bring jobs, residents and It was one of just two regional markets in Australia to visitors to the Newcastle City Centre. be rated as offering strong buying proposition in the • A new $95 million University Campus in the St George/RP Data National Hotspots Report 2011. Newcastle CBD is set to start construction in 2015 BIS Shrapnel, one of Australia’s leading industry and and the campus expected to open in 2017. economic forecasters, predictS prices in Newcastle • A new 98 year lease for the Newcastle Port will soar by up to 18% by June 2016 (BIS Shrapnel which will free up much needed capital to help the Residential Property Prospects 2013-2016) and Government fund the revitalization of the Residex says regional areas in Newcastle will likely Newcastle City Centre. eclipse price growth in Sydney over the long term*.

Artist’s impression of Cameron Park Market Place

Artist’s impression of NeW Space - $95 million education precinct by the University of Newcastle

* BIS Shrapnel Residential Property Prospects 2013-2016, Residex NSW Market Commentary Report – March 2014 qtr

Proposed infrastructural improvements under the Lower Hunter Regional Strategy

KEY FACTS:

West Wallsend

LOCATION FAMILIES 499 30 mins to Newcastle Average children per family 1.9

PEOPLE 1,714 ALL PRIVATE DWELLINGS 687 Male 835 Average people per household 2.7 Female 879 Median weekly household income $1,057 Median age 37 Median monthly mortgage repayments $1,517 Median weekly rent $275 Average motor vehicles per dwelling 1.9 Residential vacancy rate (Sep’14) 1.5%

Source: Australian Bureau of Statistics 2011 Census, SQM Research

Amenities

EDUCATION • Schools : 5 mins to West Wallsend High School, Barnsley Public School, Edgeworth Heights Public School and Edgeworth Public School, 8 mins to Glendale Technology High Schoool

• Universities & TAFE: 7 mins to TAFE (Glendale Campus), 17 mins to University of Newcastle (Callaghan Campus)

TRANSPORT • Roads: 3 mins to the Pacific Motorway, 18 mins to the

• Rail: 13 mins to Cockle Creek Station

• Bus: Closes bus routes nearby are located along Withers Street

• Air: 35 mins to the Newcastle Airport (Direct flights to and from Sydney, Brisbane, Canberra, Gold Coast & Melbourne)

SHOPPING & ENTERTAINMENT • 1km to the approved Cameron Park Marketplace - A $40 million shopping centre with a Woolworths supermarket and Harrigans’ Irish Pub

• 8 mins to Glendale (incl. Aldi, Woolworths, Coles, Kmart - $45 million planned upgrade)

• 10 mins to the Glendale economic hub (see Suburb Profile section)

• 12 mins to Stockland Wallsend (inlc. ALdi, Coles & Event Cinemas)

• 15 mins to proposed new bunnings warehouse on France Street in Wallsend

MEDICAL • 20 mins to , Newcastle Private Hospital, and Hunter Medical Research Institute

RECREATION & LIFESTYLE • 2 mins to Sugar Valley Golf Club and Kevin Evans Oval

• 4 mins walk to Gregory Park/Les Wakeman

• 9 mins to Blue Gum Hills Regional Park

• 20 mins to the Ausgrid Stadium (home to the Newcastle Jets A-League football team, Newcastle Knights NRL team and the Newcastle International Hockey Centre)

TENURE

Owner Occupiers 78.1% Other 3.8%

Renters 18.1% Renters 15.3% Other 3.8% Owner Occupiers 78.1%

HOUSEHOLD COMPOSITION

Family households 75.2%

Single (or Group households 3.2% Single (or lone) person households 21.6% lone) person

households

21.6% Group households 3.2%

Family households 75.2%

NUMBER OF BEDROOMS

not stated 1 bedroom

2.2% None 0.0% 3.2%

4 or more 2 bedrooms 1 bedroom 3.2%

bedrooms

2 bedrooms 16.4% 60.6% 16.4%

3 bedrooms 60.8%

4 or more bedrooms 17.4%

Not stated 2.2% 3 bedrooms 60.8%

RESIDEX WEST WALLSEND

Houses

The following House statistics relates to West Rental Yield - Over the last ten years, the Wallsend. Statistical information is obtained from average rental yield for Houses for this area Residex Pty Limited, unless otherwise specified. was 5.3% (i.e a House worth $100 would attract $5.30 of rent per annum). Median Value - Over the year ending August 2013, the median (i.e. the middle number in Last year the median rental yield for this area was a series) value of Houses in this area was 5.7% And last quarter the median rental yield was $339,500. The current median value of Houses 5.6% in the area is $336,000. Over the last 10 years, Total Returns - The total return for Houses the median value has been as follows: over the last ten years in this area was 8.9%. House Median Values (past 10 years) Number of House Sales - The following chart shows the number of House sales per annum:

Number of House Sales per Annum (past 10 years)

Capital Growth - During the last three years the capital growth in House prices was 3.0%. House Sales by Price - The following chart The average rate of growth over the last ten shows the number of House sales over the years for this area was 3.3%. past 12 months by sale price:

Period Growth Year House Sales by Price (past 12 months) Ended Area Growth Aug 2014 1.1%

Aug 2013 -4.2% Aug 2012 3.9%

Projected Capital Growth - West Wallsend is projected to have 10%+ capital growth per year, over the next eight years.

Period Area Growth next 5 years* 7%+ p.a. next 8 years* 10%+ p.a.

* In some years this rate of growth will be exceeded, while in other years it will fail to materialise. However, on average the Capital Growth is predicted to be as quoted above.

MEDIA Chappypie China Time: Chinese theme park coming to NSW Central Coast

News.com.au, 13 August 2014

WANT an authentic Chinese experience in Australia? Forget the • “The Spring Festival Square is like centre stage full of culturally rich immigrant communities of Hurstville in Sydney or Box happy and auspicious atmosphere” Hill in Melbourne. The new home of oriental culture in Australia is • “China traditional music feast your ears” set to be in an unlikely town on NSW’s Central Coast. • “Chinese gourmet quickens your appetite” Billed as “Chinese Disneyland”, a company has unveiled plans to build a massive, $500 million Chinese theme park in • “China traditional arts and handcrafts will dazzle your eyes”.

Warnervale, about one hour’s drive north of Sydney. • “Like a Chinese chess board, the theme park has The best bit? It will be called Chappypie China Time. reasonable layout” The attraction is described as “a park integrating culture and The attraction is divided into 12 main sections — including the happiness, nature and spirit”. It is staggering in scope and Meridian Gate, Thanksgiving Temple, Zheng He’s Treasure scale, including performance spaces, cultural experiences, Ship, arts and crafts workshop, Spring Festival Square and eateries, accommodation and shops. Panda Paradise, which will place hundreds of panda statues in a bamboo grove. There are plans to build traditional Chinese temples, classic theme park rides, statues of ancient oriental gods, the Spring Visitors can engage in spaces that explore calligraphy, traditional Festival Square with room for 1000 people, and a section theatre and music, gardens and a panorama of Chinese history. devoted to the best-loved Chinese animal — the panda. A river flows around the park where punters can row a dragon The mayor of Wyong Shire, Doug Eaton, is understandably boat under bridges and willow trees. A giant “treasure ship” is stoked about the prospect of half a billion bucks of investment both a ride and a celebration of shared maritime history heading his way, and he has gone so far as to proclaim that between Australia and China. the park will be a tourist attraction to rival the Sydney Opera The Wyong Shire Council website describes the park as “one House or Harbour Bridge. of the biggest tourism projects NSW has ever seen”. The company behind the 15.7-hectare development, Australia- The company bought 15.7 hectares next to the Warnervale Chinese Theme Park Pty Ltd, has released an 11-minute Airport from the council for $10 million in 2012. virtual video tour, and some of the highlights include: The development application for stage one of the park is yet to • “Panda Paradise creates a harmonious relationship be lodged, but it has already received support from the mayor. between you and a panda” If approved, stage one of the park could be open as soon as • “Happy Chinese characters integrate hi-tech multimedia means so that visitors can feel wisdom and happiness of 2016. Chinese characters”

An artist’s impression of stage one of the Chinese theme park planned for the NSW Central Coast

MEDIA New Bunnings store a boon to Wallsend

Sam Rigney, Newcastle Herald, 4 June 2014

AUSTRALIA’S largest household hardware store has member assistance from us to help with their local expanded its empire further into the western suburbs community projects,’’ Mr Harvey said. of Newcastle, with the official opening of a The warehouse will host ‘‘grand opening Bunnings Warehouse at Wallsend yesterday. celebrations’’ on June 13, including live music and The store – which began trading on the corner of a fireworks display. Minmi Road and Sandgate Road last week – has Bunnings also has stores in Glendale, Kotara, created 194 new jobs and will provide important Belmont, Maitland, Cessnock and Morisset. economic growth for the Wallsend area.

Bunnings Warehouse complex manager Alan Harvey officially opened the warehouse with former Newcastle Knight Danny Buderus and Bunnings

chief operating officer Peter Davis.

As the first official customers walked the aisles, Mr

Harvey said staff had already begun to contribute in the Wallsend community.

‘‘A number of community groups have already Danny Buderus with Bunnings staff at the opening of the new received a combination of products and team store at Wallsend

$45million plans to upgrade Glendale

Shopping Centre

13 June 2014 , www.abc.net.au

Retail giant Stockland has lodged plans for a $45 “The other, I think exciting component is a great new million upgrade to its Glendale shopping centre. fresh food offer and a fully enclosed mall in front of Woolworths and Coles.” The plans have been lodged with Lake Macquarie Council and the Joint Regional Planning Panel and Stockland says it is aware the upgrades will put include 40 new specialty shops, restaurants and pressure on the local road network. parking. It hopes stage one of the Lake Macquarie Transport Stockland is hoping to start work on the development Interchange will be operating when the new shopping late next year. precinct opens.

Development manager Huw Evans says a major Mr Evans says the transport interchange will help to component of the upgrades will be a dining precinct ease traffic congestion around the shopping centre. linking the existing shopping complex with the cinema. “We think that that’ll make a significant difference to the “That will be a great benefit to people going to the amount of pressure that’s put on both the Main Road cinema, so they can stay and enjoy some dinning and and Lake Road roundabouts by allowing people who some open air eating, as well as people who are at the are out to the east to avoid those roundabouts when centre,” he said. they come through to the centre and they’re not forced to queue up,” he said.

MEDIA

Campus to bring more life to CBD

Penelope Green, 11 October 2013

THE new $95million University of Newcastle Neither Cr McCloy nor Professor McMillen would campus on Hunter Street will have a 24/7 facility, comment on the value of the land for the campus, and two city architectural firms are among four to be known as NeW Space, but both said the companies short-listed to snare the design relocation of the faculty of business and law to the contract. site would boost the CBD’s revitalisation. As lord mayor Jeff McCloy and university vice- The design and development process is expected chancellor Caroline McMillen yesterday met on the to take a year, with construction starting in 2015 site at the corner of Hunter and Auckland streets and the campus expected to open for the first to mark the exchange of land contracts between semester in 2017. the council and the university, it was also ‘‘It’s a remarkable project for the university, it will confirmed the Hunter office of APP Corporation really allow us to have a new space facility – we had been named project manager of the campus. call it that because there will be new technology, AlanTracey,theuniversity’sdirectorofinfrastructure new ways of learning and teaching, new programs and facilities services, said King Street architects delivered,’’ Professor McMillen said. EJE, in a consortium with Melbourne-based She said the new campus would have ‘‘demonstrator Lyons, and Honeysuckle-based GHD, in sites’’ for staff to experiment with new technologies partnership with national firm FJMT, were on the to support students, ample digital and interactive shortlist for the design work. learning resources and a focus on research.

University vice-chancellor Caroline McMillen and lord mayer Jeff McCloy. Picture: Max

MEDIA

Vision unveiled for Newcastle

Sam Rigney, Newcastle Herald, 4 June 2014

HIS time it’s real. This time, its backers say, there is no In total, the plan will deliver between 400 and 500 new other workable option. This time, the face of Newcastle residential apartments to the site bordered by King, Hunter, will change and the city returned to its place among the Newcomen and Perkins streets. The joint venture owns world’s great regional cities. every allotment on the site except the Telstra phone

The covers will today come off the anticipated city exchange in Wolfe Street, the council-owned car park on King Street and four privately held, smaller landholdings. centre project spearheaded by GPT and the state government’s UrbanGrowth NSW. The $400million ‘‘Future development of this site will be a catalyst for the project has been described as the catalyst that will not revitalisation of Newcastle,’’ UrbanGrowth’s acting head only change the face of the city centre but drive further of urban renewal Peter Anderson said yesterday. investment throughout the city fringes. ‘‘This proposal is designed to attract the investment It coincides with yesterday’s unveiling of amended needed to deliver vibrant residential, commercial and planning guidelines that the Department of Planning and retail development to the city. It seeks to balance the Infrastructure hopes will drive that transformation more needs of different groups in the community with new quickly and cohesively. opportunities for commercial activity. We look forward to

discussing our ideas with the people of Newcastle.’’ Both are certain to attract controversy in some quarters. The high-rise residential buildings in the city centre, Angus Gordon from GPT said the project offers greater revealed by last month, are now connectivity to the city’s foreshore, its beaches and the formally on the table and open to public consultation on emerging commercial hubs in the city’s west end. He all elements. said it was not the project’s aim to compete with the

Among key features of the UrbanGrowth-GPT plan are: retail meccas at Charlestown and Kotara, but to become a key destination serving the city’s residents and the • 19-storey residential building on the site of the old broader Lower Hunter community. David Jones car park on King Street, a 14-storey Among other changes, an area of Bolton Street that residential building on the corner of King and leads up to the courthouse will be rezoned to allow for Newcomen streets and a 15-storey residential buildings up to 10 storeys high. building in Wolfe Street; The department is receiving community submissions • 15,000- to 25,000-square-metre retail precinct that will include a supermarket fronting Hunter Street, a cafe until April 4. and dining strip and a world-class entertainment precinct that will include new cinemas;

• the protection of heritage facades on the former David Jones building, the Masonic Hall in Wolfe Street and the terrace houses on King Street;

• a 5000-square-metre commercial zone aimed at bringing more jobs into the CBD; • an array of smaller residential apartment buildings topping out at about seven storeys; • a mixture of six-storey retail and commercial buildings fronting Hunter Street Mall; and • a plan to return the old Market Square and Hunter Street Mall to its heyday of being the city’s retail heart.

MEDIA

Tuesday 17 June 2014

AN EXTRA $100 MILLION FOR HUNTER INFRASTRUCTURE

NSW Treasurer Andrew Constance and Minister for Planning Pru Goward have announced an additional $100 million will be reserved for the Hunter Infrastructure Investment Fund in the 2014-15 NSW Budget.

The money will be reserved for the from the NSW Governmentʼs major infrastructure fund ʻRestart NSWʼ, and will be allocated to projects which pass an appropriate economic assessment by Infrastructure NSW.

The 2014-15 Budget also allocates spending from the Hunter Infrastructure Investment Fund (HIIF) worth $185.2 million including:

 $34 million ($62.5 million in total) for grants to Local Government in the Hunter region for road improvements. These include upgrades to Lemon Tree Passage Road, Pennant Street Bridge at Glendale, MR 301 Dungog to  Raymond Terrace, Cardiff Main Street and Hunter Wine Region Roads   $38.5 million ($89.8 million in total) for upgrades to Nelson Bay Road between Anna Bay and Bobs Farm and through Maitland   $400,000 ($40 million in total for various health infrastructure projects) for the Stage One refurbishment of John Hunter Childrenʼs Hospital Neonatal  Intensive Care Unit    $25 million towards the relocation of the Newcastle University   $31.7 million ($47.2 million in total) for grants to Local Government for  various infrastructure improvements    $5 million ($10 million in total) for the Newcastle light rail scoping study    $500,000 ($2.6 million in total) for administration costs   $50 million reserved for the Newcastle urban renewal initiatives 

“Iʼm delighted the NSW Liberals & Nationals election commitment is helping improve the lives of people right across the Hunter,” Mr Constance said.

“This yearʼs Budget is the biggest yet in terms of allocations from the HIIF, meaning even more vital local projects like the long-overdue upgrade of Hunter Sports High School will become a reality.

“Our initial investment of $350 million is now almost fully allocated, and the successful transaction of the Newcastle Port means an additional $340 million will be allocated to HIIF in the next four years to fast track the Newcastle CBD renewal and deliver light rail infrastructure and services.

“That brings the NSW Governmentʼs total commitments through HIIF worth $790 million towards economic growth and enhanced liveability in the Hunter,” said Planning Minister Pru Goward.

MEDIA: Josh Murphy 0409 086 207 (Treasurer) Nick Tyrrell 0467 733 876 (Minister Goward)

MEDIA

Glendale economic hub plans

Damon Cronshaw, 23 August 2013

GLENDALE could become a greater economic hub than “Given Glendale is at the centre of the Lower Hunter, it Newcastle and Charlestown, civic leaders say. makes sense,” she said. “The original developers of Lake Macquarie City Council is moving ahead with an Stockland Glendale foresaw the potential for this site - it “area plan” that will steer the suburb to become the is one of the busiest shopping centres in Australia.” Ms Hornery said the potential justified funds from all levels Hunter’s main city and business centre. The plan will include guidelines for development and of government to break gridlock around the shopping centre add further details to a broad “master plan” approved and build the Glendale transport interchange. three years ago that called for 4000 new dwellings and State and federal governments and the council have 10,000 residents in the Glendale town centre. committed enough money to allow construction of the Officials believe the town’s position at the geographical much-needed second entry to Glendale town centre. centre of the Lower Hunter, available land and its Construction of the road link - from Stockland Drive to proximity to rail and road transport make it prime for Main Road - will begin next year as the first stage of the redevelopment. transport interchange. A council statement said it was expected that Glendale Liberal Charlestown MP Andrew Cornwell has been would become the “major urban focus for the city of working to transfer Railcorp land to the Hunter Lake Macquarie”. Development Corporation to advance the town centre “The mix of retail, commercial, recreation, entertainment redevelopment. and housing opportunities are expected to expand in “It’s identified as a key urban renewal project in the Hunter,” he said. Mr Cornwell said the redevelopment this centre over time,” it said. Acting Lake Macquarie mayor Laurie Coghlan said would be a “decade-long project”. “It’ll be evolution, not revolution,” he said. Glendale was a logical place for redevelopment. “One day it will be the central point,” he said. Glendale is near the Pasminco redevelopment site, which links to the Cardiff industrial estate and nearby The plan has the backing of the state government and residential growth areas at Cameron Park and West bipartisan support among the area’s MPs and across Wallsend. The council has earmarked Glendale to the political spectrum. Edgeworth as an urban renewal corridor. ALP Wallsend MP Sonia Hornery, whose electorate covers Glendale, said the area had the potential to overtake Newcastle and Charlestown.