Wyoming has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.65% to date .
While Wyoming,2250 ranked number 402th in NSW for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wyoming, 2250. Typically our figures indicate that -4.96% is being offered, which puts this NSW suburb at 2371th most discounted overall in Australia.
With the median price for a house in Wyoming being $625000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.91%
Investment property in Wyoming has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.00%
Over the longer term, Wyoming has seen property prices show investors a 32.00% return over the last 3 years. This is worse than over the last 12 months
Advertised rents are around the $385 mark per week – giving a return of 4.33% based on the median price in Suburb
A suburb that offers convenience while being close to nature, Wyoming has been going strong and steady in recent yearsFull summary
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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.Close