Suburb Profile Report for Wyoming NSW (2250)

Wyoming House: Median price $628,250, Annual capital growth 7.80%, Number of sales 158, Weekly median advertised rent $473

Wyoming Unit: Median price $483,000, Annual capital growth 6.80%, Number of sales 19, Weekly median advertised rent $388

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Property value increases in Wyoming have tracked just higher than the NSW average of 4.04% over the last 12 months.

A 87.54% growth in median value for property investors in Wyoming,2250 puts this suburb at number 400th in terms of best performing suburbs in NSW

Vendor discounting in Wyoming is giving property investors an average Vendor Discount of around -4.60%. This puts suburb at number 914th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Wyoming the average time real estate has been on the market is 35.8 days.

With the median price for a house in Wyoming being $628250 and the advertised rent reaching $472.5 the gross rental yield for property investors calculates out to be 3.91%

Property value increases in Wyoming have tracked higher than the NSW average of 1.69% over the last 12 months.

Wyoming,2250 has offered an average of 12.85% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 4.17%

Information supplied by:


September 2018

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A suburb that offers convenience while being close to nature, Wyoming has been going strong and steady in recent yearsFull summary

Central Coast suburb is a hit for nature lovers

Postcode: 2250

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
Metrics i HOUSE UNIT
$628,250 $483,000
1.49% 11.35%
8.32% 12.85%
7.80% 6.80%
$473 $388
158 19
3.91% 4.17%
35.8 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 9905
Median household income ($/weekly) 982
Median age of persons 42
Median housing loan repayment ($/monthly) 1759
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1238 12.5
    25-34 years 1090 11.0
    35-44 years 1175 11.9
    45-54 years 1223 12.3
    55-64 years 1158 11.7
    Others 4020 40.6
    Age Group
    Census Count Percent(%)
    Registered Married 3322 46.8
    Not Married 3212 45.2
    Defacto Relationship 566 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7773 82.3
    Papua New Guinea 224 2.4
    Philippines 68 0.7
    United Kingdom 650 6.9
    Other 226 2.4
    Others 506 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 1.1
    Christianity 6863 75.7
    Islam 75 0.8
    Other Religious Groups 46 0.5
    No Religion 1948 21.5
    Others 31 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 359 10.8
    $400-$599 447 13.5
    $600-$799 371 11.2
    $800-$999 314 9.5
    $1,500-$1,999 446 13.4
    Others 1382 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3450 45.0
    Employed, worked full-time 2412 31.4
    Employed, worked part-time 1285 16.7
    Unemployed, looking for work 274 3.6
    Employed, away from work 252 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 757 19.2
    Technicians & trades workers 607 15.4
    Community & personal service workers 431 10.9
    Clerical & administrative workers 627 15.9
    Sales 452 11.4
    Others 1075 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 191 8.4
    Infants/Primary 763 33.6
    Secondary 713 31.4
    Technical or Further Educational Institution 223 9.8
    University or other Tertiary Institutions 309 13.6
    Others 70 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7825 86.4
    Semi-detached, row or terrace house, townhouse 1010 11.1
    Flat, unit or apartment 183 2.0
    Caravan, cabin, houseboat 42 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1344 37.5
    Fully owned 1253 34.9
    Rented 813 22.7
    Other tenure type 178 5.0
    Tenure Type
Census 2011, ABS
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