Giving property investors a an unimpressive capital gain of -7.60% for the last year, Wyoming, 2250 is the 3419th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Wyoming comes in at number 652th in NSW.
Property investors looking for a bargain in Wyoming should be aiming for at least -6.78% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 170 properties changed hands in Wyoming, which puts it as the 114th most active market in NSW when comparing the number of sales per suburb.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 6.85%.
Investment property in Wyoming has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.86%
Across a shorter period, Wyoming, 2250 has seen a median price increase of -2.17% over the last quarter.
Residents and property investors in Wyoming have been waiting around 69.5455 days to sell a property.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.19%, investors should hope to achieve an overall return of 4.51%
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Central Coast suburb is a hit for nature lovers
Median house price: $615,000
Three-year growth: 44.1%
Rental yield: 4.0%
A suburb that offers convenience while being close to nature, Wyoming has been going strong and steady in recent years.
Prices in the house market increased by 11.8% in the 12 months to June 2018, maintaining a growth trend that hit 83.6% in 2013. The average annual growth rate comes in at a high 7.3%, indicating the considerable potential of this suburb for capital growth. Those seeking cash flow will not be disappointed as well, with investors reaping rental yields of 4% on average. Thus, it’s not surprising that houses are selling quickly, spending just 32 days on the market.
Wyoming is favoured by residents for its proximity to the Gosford CBD, just 4km away. Thus, there is easy access to schools and public transport. Wyoming has a shopping hub of its own, in addition to a community centre, as well as bushwalks into lovely rainforests.