Suburb Profile Report for Wyong NSW (2259)

Wyong House: Median price $500,000, Annual capital growth 6.23%, Number of sales 69, Weekly median advertised rent $390

Wyong Unit: Median price $340,000, Annual capital growth 5.15%, Number of sales 36, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Wyong, 2259 ranked 535th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wyong is one of 3163 in our list for NSW

If we look at median property appreciation over just the last three months, Wyong has given property investors a paper return of 0.00%. This puts Suburb as 1060 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Wyong is giving property investors an average Vendor Discount of around -3.57%. This puts suburb at number 1038th in NSW when ranking the most discounted suburbs.

With a capital gain of 13.71% for the last 12 months, Wyong, 2259 has performed for property investments than its average annual 5.15% property growth over the last 5 years.

Across a shorter period, Wyong, 2259 has seen a median price increase of 3.34% over the last quarter.

Property investors looking for a bargain in Wyong should be aiming for at least -2.81% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Wyong have been waiting around 55.23 days to sell a property.

With the median price for a house in Wyong being $340000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 5.20%

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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. Full summary

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.”

Close
Metrics i HOUSE UNIT
$500,000 $340,000
0.00% 3.34%
9.29% 13.71%
6.23% 5.15%
$390 $340
69 36
4.06% 5.20%
67.74 55.23

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Wyong NSW
Demographics
Total population 3631
Median household income ($/weekly) 711
Median age of persons 45
Median housing loan repayment ($/monthly) 1649
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 380 10.5
    35-44 years 410 11.3
    45-54 years 497 13.7
    55-64 years 516 14.2
    65-74 years 458 12.6
    Others 1370 37.7
    Age Group
    Census Count Percent(%)
    Not Married 1484 53.3
    Registered Married 1033 37.1
    Defacto Relationship 265 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2770 80.9
    Croatia 48 1.4
    Papua New Guinea 106 3.1
    United Kingdom 195 5.7
    Other 86 2.5
    Others 217 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 1.5
    Christianity 2415 73.3
    Hinduism 25 0.8
    Islam 35 1.1
    No Religion 748 22.7
    Others 21 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 195 13.9
    $400-$599 260 18.5
    $600-$799 194 13.8
    $800-$999 131 9.3
    $1,000-$1,249 124 8.8
    Others 500 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1440 50.1
    Employed, worked full-time 727 25.3
    Employed, worked part-time 420 14.6
    Unemployed, looking for work 191 6.7
    Employed, away from work 94 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 171 13.8
    Technicians & trades workers 210 16.9
    Clerical & administrative workers 163 13.2
    Sales 134 10.8
    Labourers 183 14.8
    Others 378 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 59 8.9
    Infants/Primary 207 31.1
    Secondary 194 29.2
    Technical or Further Educational Institution 94 14.1
    University or other Tertiary Institutions 81 12.2
    Others 30 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2546 74.5
    Semi-detached, row or terrace house, townhouse 443 13.0
    Flat, unit or apartment 362 10.6
    Caravan, cabin, houseboat 65 1.9
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 640 42.3
    Fully owned 539 35.6
    Being purchased 323 21.3
    Other tenure type 11 0.7
    Tenure Type
Census 2011, ABS
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