Property investors who have had real estate in Wiley Park, 2195 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.52%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wiley Park has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 7.48%, investors should hope to achieve an overall return of 2.68%
Over the last year, property investments in Wiley Park, 2195 have given investors a capital gain of -1.28%. This compares very badly with the 7.34% for NSW as a whole.
Across a shorter period, Wiley Park, 2195 has seen a median price increase of -1.28% over the last quarter.
The most recent median price for Wiley Park is $385000, with sellers offering an average of -5.97% off the asking price.
With the median price for a house in Wiley Park being $385000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.32%