Wyong is in the TOP 20% in NSW when comparing median price capital growth over the last year. Wyong gave property investors a very good capital gain figure when compared to the rest of the state, with 18.32%.
If we look at median property appreciation over just the last three months, Wyong has given property investors a paper return of 7.29%. This puts Suburb as 240 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Wyong itself are offering an average vendor discount of -3.83% to real estate investors.
Advertised rents are around the $385 mark per week – giving a return of 3.62% based on the median price in Suburb
With a capital gain of 11.29% for the last 12 months, Wyong, 2259 has performed for property investments than its average annual 5.69% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Wyong comes in at number 315th in NSW.
At number 328th of NSW’s most discounted properties, Wyong is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $340 mark per week – giving a return of 5.12% based on the median price in 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.”