Property investors who have had real estate in Wallsend, 2287 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%
Across a shorter period, Wallsend, 2287 has seen a median price increase of 3.45% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Wallsend is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 715th in terms of most discounted suburbs in NSW
Wallsend, 2287’s gross rental yield is 4.42%
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 6.94%. This compares averagely with the 7.74% for NSW as a whole.
If we look at median property appreciation over just the last three months, Wallsend has given property investors a paper return of 1.45%. This puts Suburb as 298 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Wallsend are currently offering property investors an average price cut of -4.06% below the asking price at the moment.
Wallsend is 89th on a list of best yielding suburbs for rents in NSW with a 5.00% return