Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 13.78%. This compares favourably with the 12.10% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Wallsend,2287 has racked up an average of 13.78% over the period. This ranks it number 1997th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Wallsend 2287 should be seeing an average reduction in asking price of around -4.25% . This means that Wallsend is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Wallsend the average time real estate has been on the market is 47.0347 days.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 5.82%.
Wallsend is in the TOP 20% in NSW when comparing median price capital growth over the last year. Wallsend gave property investors a very good capital gain figure when compared to the rest of the state, with 15.06%.
Over the longer term, Wallsend has seen property prices show investors a 17.90% 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 -4.38% offered to property buyers. Sellers in Wallsend itself are offering an average vendor discount of -3.85% to real estate investors.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
Situated 115.67km from the CBD, Wallsend is one of Newcastle (C) localities in the postcode 2287.