Investment property in Wakeley has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.14%
Over the longer term, Wakeley has seen property prices show investors a 37.38% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.53% to buyers in Wakeley at the moment, which is less than average for the rest of NSW.
At number 1770 in a list of fastest selling suburbs, Wakeley is just in the top half of suburbs in Australia with an average of days on market 79.52 for properties listed there.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.50%, without taking into account capital value appreciation, which has been averaging out at 7.04%.
Our latest figures would indicate that property sellers in Wakeley are currently offering property investors an average price cut of -3.78% below the asking price at the moment.
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.