Suburb Profile Report for Wyoming NSW (2250)

Wyoming House: Median price $568,250, Annual capital growth 6.85%, Number of sales 170, Weekly median advertised rent $460

Wyoming Unit: Median price $472,500, Annual capital growth 8.19%, Number of sales 21, Weekly median advertised rent $410

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%

Information supplied by:


September 2018

M
O

W
E

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.

Metrics i HOUSE UNIT
$568,250 $472,500
-7.30% -2.17%
-7.60% 13.86%
6.85% 8.19%
$460 $410
170 21
4.21% 4.51%
49.00885 69.545456

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (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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