Wallsend, 2287 ranked 346th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wallsend is one of 3163 in our list for NSW
The five-year average increase in median property values for Wallsend,2287 has given property investors a potential capital gain of 48.65% across each of those five years.
Property investors looking for a bargain in Wallsend should be aiming for at least -5.57% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 218 properties changed hands in Wallsend, which puts it as the 44th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Wallsend being $495000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.20%
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 1.75%. This compares badly with the 5.36% for NSW as a whole.
While Wallsend,2287 ranked number 509th in NSW for increase in median house value (annualised) increase, it is ranked 429th over the last 5 years.
Property investors looking for a bargain in Wallsend should be aiming for at least -3.15% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
With the median price for a house in Wallsend being $407000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.86%