Over the last year, property investments in Wyong, 2259 have given investors a capital gain of 9.76%. This compares favourably with the 6.38% for NSW as a whole.
Across a shorter period, Wyong, 2259 has seen a median price increase of -5.51% over the last quarter.
Vendor discounting in Wyong is giving property investors an average Vendor Discount of around -3.46%. This puts suburb at number 1060th in NSW when ranking the most discounted suburbs.
Giving property investors a a stable capital gain of 9.33% for the last year, Wyong, 2259 is the 431th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Wyong has given property investors a paper return of 0.92%. This puts Suburb as 298 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wyong, 2259. Typically our figures indicate that -3.11% is being offered, which puts this NSW suburb at 1290th most discounted overall in Australia.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
Wyong offers a number of opportunities for investors on a budget. Some 90km north of Sydney and surrounded on one side by the Tuggerah Lake, this regional NSW hub stills offers the possibility of finding deals around the $300,000 mark. Full summary
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Wyong offers a number of opportunities for investors on a budget. Some 90km north of Sydney and surrounded on one side by the Tuggerah Lake, this regional NSW hub stills offers the possibility of finding deals around the $300,000 mark.
Located on Tuggerah Lake’s eastern side, Wyong is also 70km south of Newcastle, with train services making Sydney within one hour and 45 minutes reach and Newcastle accessible within an hour.
The suburb is well-equipped with amenities. Tuggerah Westfield shopping centre is 4km south of Wyong, and has 260 stores and an eight-screen Greater Union cinema. Wyong also has a public hospital (8km north-east of the CBD) and the Central Coast campus of the University of Newcastle is located in nearby Ourimbah (13km away).
“Around town there are some really good deals,” says Steve Hands, Professionals Wyong principal. “You can still buy a three-bedroom home under the $300,000-mark. There are riverfronts in our district that are selling for $150,000 less than what they were five years ago, so there’s a huge opportunity there.”
Just 10km north of Wyong, Warnervale city is undergoing major developments including a new medical complex. The first stage (which will cost about $4.5m, with $2.5m coming from the federal government) was approved in August and, once complete, will employ 45 staff. Stage two will cost an estimated $16m, and is expected to employ an additional 106 staff and up to 10 doctors.
“Warnervale city’s well underway,” says Hands, “so we’re struggling to keep up with the housing requirements in our area, that’s for sure.”