With a capital gain of 10.87% for the last 12 months, Wingham, 2429 has performed for property investments than its average annual 4.04% property growth over the last 5 years.
While Wingham,2429 ranked number 608th in NSW for increase in median house value (annualised) increase, it is ranked 888th 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 Wingham, 2429. Typically our figures indicate that -4.21% is being offered, which puts this NSW suburb at 3131th most discounted overall in Australia.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarterFull summary
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House prices stumble
Median house price: $287,750
Three-year growth: 13.3%
Rental yield: 6.0%
In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarter.
This follows the 10.3% growth reported in the past 12 months leading up to November 2017, putting the median value at under $300,000. Despite the slight drop, however, Wingham has seen consistent strong growth over the past five years, and coupled with the high average rental yield of 6%, this suburb remains a good potential investment spot.
The remnant of a tropical rainforest is preserved in Wingham Brush, whose of flying foxes has since become a tourist attraction. Wingham is also the gateway to the Ellenborough Falls.
Several schools have been established in this suburb, including Wingham Public School and Wingham High School, whose agricultural show team has won awards across Australia.Close