Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 3.95%. This compares badly with the 7.28% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wallsend has increased when compared to the 5 year average annual rate.
The most recent median price for Wallsend is $421000, with sellers offering an average of -5.06% off the asking price.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.19%, investors should hope to achieve an overall return of 4.69%
Investment property in Wallsend has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.82%
While Wallsend,2287 ranked number 258th in NSW for increase in median house value (annualised) increase, it is ranked 413th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Wallsend is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 227th in terms of most discounted suburbs in NSW