If you compare the increase in value of investment property in Wallsend, 2287 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.79%.
While Wallsend,2287 ranked number 615th in NSW for increase in median house value (annualised) increase, it is ranked 846th over the last 5 years.
Vendor discounting in Wallsend is giving property investors an average Vendor Discount of around -5.06%. This puts suburb at number 633th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.33%, investors should hope to achieve an overall return of 4.57%
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 8.29%. This compares favourably with the 6.07% for NSW as a whole.
Over the longer term, Wallsend has seen property prices show investors a 13.98% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.09% to buyers in Wallsend at the moment, which is less than average for the rest of NSW.