At number 24th in the list of Australian suburbs ordered by increase in median house value over the last year, Wallacia, 2745 is in the top 10% with a property value increase of 41.67% recorded in median house prices.
Over the longer term, Wallacia has seen property prices show investors a 68.31% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Wallacia is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 1054th in terms of most discounted suburbs in NSW
In the last year 29 properties changed hands in Wallacia, which puts it as the 966th most active market in NSW when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 2.83%.