Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 12.20%. This compares averagely with the 11.06% 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.
Wallsend, 2287 is offering NSW ‘s 665th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
At number 540th in the list of Australian suburbs ordered by increase in median house value over the last year, Wallsend, 2287 is in the top 40% with a property value increase of 9.29% recorded in median house prices.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Wallsend should be aiming for at least -4.06% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Wallsend the average time real estate has been on the market is 64.92 days.