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 4.94%
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.
At number 647th of NSW’s most discounted properties, Wallsend is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $380 mark per week – giving a return of 4.65% based on the median price in Suburb
With a capital gain of 4.96% for the last 12 months, Wallsend, 2287 has performed for property investments than its average annual 4.79% property growth over the last 5 years.
The five-year average increase in median property values for Wallsend,2287 has given property investors a potential capital gain of 21.31% across each of those five years.
The most recent median price for Wallsend is $370000, with sellers offering an average of -4.57% off the asking price.
At number 748 in a list of fastest selling suburbs, Wallsend is just in the bottom half of suburbs in Australia with an average of days on market 78.03 for properties listed there.