Giving property investors a an unimpressive capital gain of -1.41% for the last year, Wallsend, 2287 is the 2898th highest performer in Australia in this respect.
Over the longer term, Wallsend has seen property prices show investors a 8.89% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Wallsend itself are offering an average vendor discount of -4.67% to real estate investors.
On average over the past year, suburb has had 17.92 sales per month, which equates to 215 per year.
Situated 115.49km from the CBD, Wallsend is one of Newcastle (C) localities in the postcode 2287.
Giving property investors a an unimpressive capital gain of -2.38% for the last year, Wallsend, 2287 is the 1022th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Wallsend,2287 has racked up an average of -2.38% over the period. This ranks it number 950th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Wallsend are currently offering property investors an average price cut of -2.36% below the asking price at the moment.
Often selling an investment property can take time, and in Wallsend the average time real estate has been on the market is 117.412 days.