Over the last year, property investments in West Wallsend, 2286 have given investors a capital gain of -5.62%. This compares very badly with the 1.14% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Wallsend has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in West Wallsend are currently offering property investors an average price cut of -4.66% below the asking price at the moment.
In the last year 50 properties changed hands in West Wallsend, which puts it as the 582th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $460 weekly from the median priced house in this suburb.