If you compare the increase in value of investment property in Wingham, 2429 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.73%.
Over the longer term, Wingham has seen property prices show investors a 14.29% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Wingham is offering property investors an average of -5.88. This rate of discount on properties puts Suburb at number 1092th in terms of most discounted suburbs in NSW
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 3.72%.
Property value increases in Wingham have tracked just lower than the NSW average of 2.79% over the last 12 months.
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