Investment property in Woy Woy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.48%
When looking at the potential capital gains offered to property investors over the last 3 years, Woy Woy comes in at number 446th in NSW.
LACK OF BUYER INTEREST may well be the reason that Woy Woy is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 451th in terms of most discounted suburbs in NSW
Residents and property investors in Woy Woy have been waiting around 64.63 days to sell a property.
The NSW suburb of Woy Woy, 2256 is in the Gosford local government area.
Over the last year, property investments in Woy Woy, 2256 have given investors a capital gain of 17.65%. This compares very favourably with the 5.73% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Woy Woy,2256 has racked up an average of 17.65% over the period. This ranks it number 251th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Woy Woy should be aiming for at least -3.41% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 127 properties changed hands in Woy Woy, which puts it as the 117th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Woy Woy being $500000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.16%