Wingham has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.67% to date .
While Wingham,2429 ranked number 357th in NSW for increase in median house value (annualised) increase, it is ranked 993th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.17% offered to property buyers. Sellers in Wingham itself are offering an average vendor discount of -5.45% to real estate investors.
Often selling an investment property can take time, and in Wingham the average time real estate has been on the market is 89.1 days.
Advertised rents are around the $340 mark per week – giving a return of 5.28% based on the median price in Suburb
NSW has seen average median house prices change by 1.12% which means that Wingham, 2429 has done well for property investors by showing a capital gain of 12.60% over the last year
Across a shorter period, Wingham, 2429 has seen a median price increase of 5.00% over the last quarter.
The most recent median price for Wingham is $210000, with sellers offering an average of -4.10% off the asking price.
Often selling an investment property can take time, and in Wingham the average time real estate has been on the market is 50.66 days.
Advertised rents are around the $225 mark per week – giving a return of 5.57% based on the median price in 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