NSW has seen average median house prices change by 7.47% which means that Woy Woy, 2256 has done well for property investors by showing a capital gain of 5.26% over the last year
Woy Woy,2256 was ranked 1010 in Australia by increase in median property value over the quarter.
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 445th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Woy Woy the average time real estate has been on the market is 63.6 days.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.64%, without taking into account capital value appreciation, which has been averaging out at 6.43%.
Property investors who have had real estate in Woy Woy, 2256 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.64%
While Woy Woy,2256 ranked number 134th in NSW for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.
Property investors looking for a bargain in Woy Woy should be aiming for at least -3.37% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Woy Woy the average time real estate has been on the market is 77.96 days.
Using the current median advertised rental of $407.5 and the average annual increase in value of a median property of 6.15%, investors should hope to achieve an overall return of 4.24%