Property value increases in Wallsend have tracked just lower than the NSW average of 1.14% over the last 12 months.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Wallsend is $490000, with sellers offering an average of -7.80% off the asking price.
With the median price for a house in Wallsend being $490000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.46%
If you compare the increase in value of investment property in Wallsend, 2287 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.77%.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Wallsend 2287 should be seeing an average reduction in asking price of around -7.22% . This means that Wallsend is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $390 mark per week – giving a return of 4.89% based on the median price in Suburb