With a capital gain of -27.97% for the last 12 months, Wallacia, 2745 has performed for property investments than its average annual 6.29% property growth over the last 5 years.
Comparing Wallacia,2745 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Wallacia itself are offering an average vendor discount of -3.35% to real estate investors.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 3.62%, without taking into account capital value appreciation, which has been averaging out at 6.29%.