Wyong is an average performer in NSW when comparing median price capital growth over the last year. Wyong gave property investors a good capital gain figure when compared to the rest of the state, with 9.58%.
Wyong,2259 was ranked 3923 in Australia by increase in median property value over the quarter.
At number 1066th of NSW’s most discounted properties, Wyong is in the TOP 20% of the state/territory when listing in order of most discounted to least.
NSW has seen average median house prices change by 5.41% which means that Wyong, 2259 has done well for property investors by showing a capital gain of 13.33% over the last year
Across a shorter period, Wyong, 2259 has seen a median price increase of 3.66% over the last quarter.
Property investors looking for a bargain in Wyong should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.
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.”