Wyong, 2259 ranked 1174th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wyong has increased when compared to the 5 year average annual rate.
Wyong2259 is located in NSW which offers an average discount of -5.22% to property investors. Wyong itself is showing figures that indicate -3.17% is the average achievable by property buyers investing in the suburb.
In the last year 62 properties changed hands in Wyong, which puts it as the 534th most active market in NSW when comparing the number of sales per suburb.
NSW has seen average median house prices change by 8.63% which means that Wyong, 2259 has done well for property investors by showing a capital gain of 7.69% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Wyong comes in at number 293th in NSW.
At number 286th of NSW’s most discounted properties, Wyong is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
The NSW suburb of Wyong, 2259 is in the Wyong local government area.
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
Information supplied by:
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.”